CCP Says Economy in Recovery; Economist Calls It a ‘Zombie Economy’

News Analysis Newly released official data from the Chinese communist regime’s National Bureau of Statistics for the month of May have revealed that China’s industrial growth rate has slowed, and that investments in infrastructure, manufacturing, and real estate fell across the board from January to May. The authorities have tried to portray positive prospects for the economy with the new numbers and attributed it to the success of its central planning. However, economists have pointed out the data show that China’s economy, with heavy state intervention, is exhibiting the traits of a “zombie economy.” Following the report, a spokesperson for the National Bureau of Statistics said on June 17 at a press conference that as a whole, the Chinese economy has “continued to recover and improve,” which is due to the Chinese Communist Party (CCP)’s supportive policies, the allocation of investment from the central government’s budget, and the accelerated issuance of special bonds....