Whether anyone believe China's numbers or not is irrelevant. Is it accurate? Not sure what this means in this context, what I will say is this, since this is a military forum, China is currently in the process of testing and constructing 8 12,000 ton DDGs, another 2 LPD is launched/under construction, and over the past few years, 30+ 053 and 50+ 056, 2 major carriers and more should demonstrate exact where China is in the process. This requires a level of excellence from every corner of society, from education, to R&D, to manufacturing and more. It is exceeding every country by a mile save the US, which may actually have done more, in terms of capital ships. A country that is also the only one that is ahead of China, economically wise.
I know your gripe is the way certain members have addressed certain issues, and while I wouldn't personally do it. I also don't refute Americans who do the same to us. It comes with the territory, they did it better and longer that is just a fact. I'm not necessarily happy about it, I just accept it and move on, if the path was easy, than you are on the wrong road.
In terms of the housing bubble and the economy, 40 years of reform, 40 minute video. That says it all.