5 ms·
Are they "secretly hoarding foreign reserves" or could they simply not be good at getting statistics from anything but the central government? The latter would
by gumby 3y ago
Are they "secretly hoarding foreign reserves" or could they simply not be good at getting statistics from anything but the central government? The latter would be pretty plausible to me; China is pretty terrible at collecting statistics (quite apart from the distortion imposed by state reporting).
- woodruffw 3y agoThat’s plausible; at the same time, it’s (notionally) in all parties’ interests to be transparent about foreign reserves. That should translate into a strong incentive to handle their own numbers correctly, but who knows.