China Hides Economic Decline and Massive Unemployment

The Ministry of Water Resources released a report saying that since this year, China has continued to promote the construction of water conservancy projects. According to the report, as of the end of July, 25 new major water conservancy projects were started, with 31,800 water projects under construction and a total investment size of 1.7 trillion yuan. Among them, has completed 567.5 billion yuan of investment in water conservancy construction, an increase of 71.4% over the same period last year. According to statistics, the construction of water conservancy projects absorbed 1.61 million people in employment, including 1.233 million migrant workers.

 Based on the above data, it can be seen that the Chinese Communist Party (CCP) is once again using the same tactics as in 2008, releasing huge amounts of money for massive infrastructure construction to boost employment and the GDP, thus hiding the fact that the number of unemployed people is surging in the economic downturn.

 Through the planned economy, the CCP has built the world’s tallest and longest bridges, longest tunnels, and most highways and water projects in the past 20 years, thus maintaining a statistical 10% economic growth rate. While hit by the CCP virus and the resulting vaccine disaster, the artificial figures cannot hide the reality of the collapsing economy of the country after all.