3 ms·
When I read the title, I immediately imagined China faking growth at a global scale and maximizing its importance. It's not the case at all: Of the 31 province
by nerbert 9y ago
When I read the title, I immediately imagined China faking growth at a global scale and maximizing its importance. It's not the case at all:
Of the 31 provinces, direct-controlled municipalities and autonomous regions in China, three have already admitted falsifying certain economic data. Starting with the northeastern province of Liaoning in January 2017, the Inner Mongolia Autonomous Region and the city of Tianjin have said their statistics were wrong.
Of the three, only Tianjing has admitted doctoring the overall provincial gross domestic product figures. Liaoning and Inner Mongolia had padded something else: their fiscal revenues.
- joelb2014 9y agoI had thought the same but I'm still wondering if it was a proxy to cover something else (ex. ability to pay debt obligations) that would have had ramifications in the global market