The Chinese government finally admitted that its economic data was made up

The Chinese government finally admitted that its economic data was made up

For many who have long believed that China’s economic growth figures seemed too good—and tidy—to be true, they now have official confirmation of that skepticism. China’s economy expanded by 6.7% in the third quarter of 2016, as it did in the previous two quarters. As China is set to release fourth-quarter GDP figures on Jan.…