For your reference.
Bloomberg questions Chinese economic data and suspects the real conditions are worse than the official numbers.
No matter what, China's most critical tasks are to upbeat its economy and keep the nation stable. Cooking the numbers might be the easiest way. However, more and more economists around the world are challenging their numbers.
In addition, China, in my own views, is spending more than they can afford. For example, buying frenzily foreign companies globally, dumping their over-supply goods at the price below costs, double digit defense budget growth, promoting their infrastructure projects to foreign countries with very favorable terms, building the infrastructures that are not effective (such as sending southern water to the north), financial aids to buy friends internationally, plus the internal corruption. Not to mention that China is facing huge gap of pension when China is aging. So how can they spend so much?
I am a financial guy and still I can't understand how can they balance their books with so much spending at the same time? I wonder will we see an unexpected financial meltdown in the next few years? If so, what impacts to us will be?
So, I still wonder why they meet this time? I think election is an answer too simple. There should be more behind the scene.