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Silencing bad news won't help China's economy

Market forces can support productive growth only with accurate information

| China
In China, news is propaganda and must serve the Communist Party's needs above all.   © Reuters

Shortly after the Chinese New Year holiday in February, the People's Daily, the Communist Party's flagship newspaper, reported with a celebratory tone that domestic retail and restaurant spending during the festival had topped 1 trillion yuan ($145 billion) for the first time.

Against the backdrop of the trade war with the U.S., this result "defied doomsayers," the paper said, and continued a string of annual gains in consumer prowess that showed China's sustained economic strength.

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