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> I’m tired of it too, but I think it’s better than “not use any data points” or “trust the super subjective data points put out by a totalitarian regime so the
by reisse 3y ago
> I’m tired of it too, but I think it’s better than “not use any data points” or “trust the super subjective data points put out by a totalitarian regime so they aren’t comparable to other countries.”
I understand this sentiment when it's applied to shithole countries where statistics cannot be verified in meaningful ways. But China is too big and too integrated into the world economics to fake or dismiss Chinese data. You can independently prove a lot of Chinese data by comparing it with their western trade counterparts.
- JumpCrisscross 3y ago> China is too big and too integrated into the world economics to fake or dismiss Chinese data Chinese statistics are notoriously biased. There is a cottage industry of hedge funds using satellite imagery to correct their figures and trade on it.
- ETHisso2017 3y agoCan you name some of these hedge funds?
- c_o_n_v_e_x 3y agoI know someone in the commodity business who uses satellite imagery for monitoring demand.
- prewett 3y agoI don’t see how you can trust numbers from a government which fairly openly treats truth as malleable. Also, cadres are evaluated to a certain extent on their economic metrics, and of course a metric ceases to be reliable when your evaluation depends on it. But the real kicker is that the outgoing prime minister, Li Keqiang, did not trust the official numbers and developed his own calculation using other numbers. [1] [1] https://en.m.wikipedia.org/wiki/Li_Keqiang_index https://en.m.wikipedia.org/wiki/Li_Keqiang_index