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Dollars do not lie -- the true picture of China's growth

Warnings of falling into 'middle-income trap' look increasingly ominous

BEIJING -- When Chinese President Xi Jinping attended a meeting of representatives from Liaoning Province at the recent National People's Congress, he made it clear in no uncertain terms that a return to the provincial government's practice of padding of economic data would not be tolerated.

That stance, however, sits awkwardly with the Central government's increasing tendency to release economic data in whichever currency suits best. 

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