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I can't be sure but time and again doubts are cast over China's data: economic output, rising incomes etc. Local governments were recently encouraged to report
by thisisit 9y ago
I can't be sure but time and again doubts are cast over China's data: economic output, rising incomes etc. Local governments were recently encouraged to report if they fudged their numbers:
https://asia.nikkei.com/Politics-Economy/Economy/Chinese-local-governments-rush-to-admit-fake-data https://asia.nikkei.com/Politics-Economy/Economy/Chinese-loc...
- adventured 9y agoI largely agree with that premise. China's economic data is very clearly partially fake. They infamously have faked unemployment numbers for decades. They hide trillions in shadow debt. I just don't think it's that fake. We may be talking about 10% or 15%. Their astounding economic climb is well correlated in far too many data points to be, eg 50% fake or something similarly outlandish. The amount of oil they're importing, the military spending, the rapid advances in various industries, the general commodity consumption, the exports, electricity consumption & generation, etc.