3 ms·
If you trust the official Chinese GDP figures. Big if. Very big if. (All countries seem to do some overcounting but not by 100-400%.)
by peterfirefly 3y ago
If you trust the official Chinese GDP figures. Big if. Very big if.
(All countries seem to do some overcounting but not by 100-400%.)
- anovikov 3y agoI'd say their figures are weird. In some industries, output is truly astounding, making up 60-95% of worldwide total, and that is entirely verifiable and believable. In others, we see obvious lies. No one can really find out the truth, and some attempts to get to the truth only harm reputation of the one trying (like The Economist's own attempt to do it by measuring changes in night illumination, that was incredibly flawed and drew a lot of criticism - https://www.economist.com/graphic-detail/2022/09/29/a-study-of-lights-at-night-suggests-dictators-lie-about-economic-growth https://www.economist.com/graphic-detail/2022/09/29/a-study-...)
- seanmcdirmid 3y agoThere was always that guy who was barred from trading in Hong Kong in 2016 because they claimed Evergrande was cooking its books [1]. Safe to say that snooping around China’s economy for real information isn’t going to be appreciated at all. [1] https://en.wikipedia.org/wiki/Andrew_Left https://en.wikipedia.org/wiki/Andrew_Left
- peterfirefly 3y agoI don't understand why Caixin can be so relatively open as it is. I also don't understand how Michael Pettis can get away with saying the things he says.