GDP surprisingly strong: the great growth story from China

China is reporting surprisingly strong growth. But electricity, prices and investors tell a different story. A new indicator reveals the contradictions.

The development of an economy is like a novel. The figures write a story or the authors of the figures want to tell a certain story. In the case of China, the novel gets a new chapter every three months when the gross domestic product is published. The novel that the Party is writing is entitled "In the name of growth - The Party takes control of the st…