Reality Distortion, Financial Times Edition: Chinese Car Sales Up 75.8 %
Are you unhappy with the fact that Chinese car sales were down 1.07 percent in October? No problem! All you have to do is to subscribe to the on-line version of the Financial Times. For the price of your subscription, you would be assured that “China’s passenger car sales in October surged 75.8 per cent from a year earlier.” Don’t believe it? The Financial Times will tell you it’s true. (If the link breaks, they woke up.)
By mistake, the Financial Times today republished an article that ran in Reuters in November 2009. It’s good that the FT is behind a paywall. Otherwise, the story would already be all over the Internet.
To subscribe to the feel good pink sheet costs you $7 a week. The Truth About Cars will remain free.
(No, wise guys. It’s not an old story that was found in the archives. Want proof?)
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This is why I refuse to pay for services like the Financial Times. ie. If I'm paying for a news service that I want to rely on for investment information etc. (granted not just one) I d@mn well expect them to do a hell of a lot better in their fact checking than this. Hell common sense even tells you it's wrong, the market, even in China doesn't change that fast without some major policy or other upheaval in the markets. The person who posted it should be fired.