Is China fudging the numbers? Considering the fact that the economic numbers are provided by a dictatorial regime, then, of course, yes. The important question is by how much?
One of the things that ought to bother everyone is a Chinese recession. China has had an explosive economy since 1978. The Chinese who're 30 and younger don't even know what a recession is. When a downfall occurs, and eventually it will, the people unemployed as a result will likely be in the tens of millions. In the West, folks (rightly or wrongly) take out their anger on the government by voting it out. Where will all the Chinese angst be channelled?
Update 01:48 AM ET, OCT. 26
Check out the last graph that KipEsquire offers.