- China is hiding unflattering data, with its economy struggling.
- The National Bureau of Statistics didn't report youth unemployment numbers this month.
China's latest strategy for boosting its struggling economy: hide the unflattering data, and pretend everything's OK.
The National Bureau of Statistics said Tuesday it would stop releasing youth unemployment numbers, after $4 in June.
It cited the need for "$4" of its metrics – but it's more likely that Beijing decided not to report the latest data in a bid to shut down the idea that $4.
Earlier this year, former Treasury official Brad Setser questioned whether China was accurately disclosing its $4 And last week the $4 reported that officials had told prominent economists $4.
However, China's efforts to persuade the world that its economy is in rude health are likely to fall flat.
That's because the numbers it is still publishing make for grim reading – with $4 falling well short of forecasters' expectations, $4, and $4 leading to deflation.
JPMorgan strategists warned earlier this month that $4 if its woes carry on, while even Joe Biden joined the pile-on last week.
China's economy could be a "$4", the President told a fundraiser event in Utah, adding that "when bad folks have problems, they do bad things."
On Tuesday, China's central bank $4 since the pandemic, while policymakers are believed to still be mulling whether to roll out a more comprehensive $4.
Those measures could help jumpstart China's struggling economy – but trying to turn off the bad news tap will not.