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I watched the documentary today and it is not about the Chinese economy. The documentary points out an interesting contrast. Most of these companies were filin
by thisisit 9y ago
I watched the documentary today and it is not about the Chinese economy.
The documentary points out an interesting contrast. Most of these companies were filing correct figures in China. But they were filing fudged figures in US. Because it was difficult to get information out of China, no one bothered to verify. It sounds ridiculous.
But then I read stories about people being encouraged to admit fake data to get more subsidies:
https://asia.nikkei.com/Politics-Economy/Economy/Chinese-local-governments-rush-to-admit-fake-data https://asia.nikkei.com/Politics-Economy/Economy/Chinese-loc...
And I understand. The whole place is so opaque that getting actual information requires people on the ground or some whistle blower.