The real issue is..

… wanting to have the cake and eat it too. Or, that they are pulling a wool over the world’s eyes. You cannot ‘vow’ to do the below and target a growth rate of near 7%. Just doesn’t add up. Very few are willing to call that the emperor has no clothes:

The Communist Party’s Politburo vowed on Dec. 14 to prevent systemic financial risks in 2016, according to a statement on the State Council’s website after a meeting chaired by President Xi Jinping. China listed de-leveraging as the government’s major task next year, along with cutting industrial capacity and lowering corporate costs, Xinhua News Agency reported Dec. 21, citing a statement released after an economic planning meeting attended by the nation’s leaders. [Link]


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