Spain – China
Health authorities have confirmed deadly outbreaks of H7N9 avian flu in 16 of the country's 31 provinces.
In January, 192 cases were recorded, resulting in 79 deaths. February saw 77 new cases, including eight deaths. In its latest report on animal-borne influenza, the World Health Organization (WHO) also noted cases of H7N9 in Hong Kong and Macau. Avian influenza was first discovered in China in March 2013. Most human infections result from exposure to live poultry or contaminated environments, such as markets where these birds are sold. According to the WHO, the public health risk from this virus and similar influenza strains remains unchanged, and the likelihood of widespread transmission to the population remains low.
• “Inaccurate” accounts. The suspicion that official Chinese economic data was widely manipulated is underscored by the revelations about the results from Liaoning province. According to official data, the province's nominal GDP fell by 23% last year. Liaoning is one of the three provinces that make up China's northeast region, home to much of the country's heavily indebted, low-productivity state-owned heavy industry, which is suffering from the adjustment measures being applied to overcapacity industries. In April 2016, Liaoning became the first province to report an economic contraction in the past seven years. But a drop of this magnitude is not solely due to current economic problems, but rather to the correction of the effects of many instances of overstating results. The Governor admitted last month that tax revenues were manipulated and exaggerated by 20% during the period 2011-14. The province's current debt is equivalent to 287% of its revenue. Liaoning has particularly serious economic problems and is not representative of the country as a whole. Adjusting the province's accounting could even improve investor confidence and that of Beijing. But this anecdote highlights the difficulty of assessing the country's true economic situation.
Source: CESCE
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