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Inside the Chinese Meltdown Rocking Wall Street, Part 2

Controlled Press, Out-of-Control Pollution and Corruption

How do we know what we know about China?  Tens of billions of dollars are invested in China’s markets and manufacturing sector based on government-generated statistics whose accuracy is—and should be — widely questioned.

Under China’s authoritarian power structure, the media, including the Internet, is tightly controlled. The most professional-appearing media outlets with the largest audiences are all state-sanctioned. As for Western media companies, their ability to operate within China is wholly reliant upon approval of the authorities.

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