By He Qinglian on August 28, 2014
Source article in Chinese: 中国经济下滑并非缘于反腐
China's economy is in the process of going downward, the HSBC Flash PMI for August slipped to 50.3, lower than the final value of 51.7 in July. What is rather odd though, is the explanations for this that people came up with. The Wall Street Journal for instance, published a number of reports such as “China's Top Graft Buster, Wang Qishan, Probing Thousands—Anti-Corruption Drive Headed by a Heavy-Handed Communist Party Loyalist” citing analyses made by investment bank economists that heavy-handed anti-corruption campaign would cost 0.6% to 1.5% in China's GDP growth this year.