The Problem of False Chinese Economic Data

[GURPS]

Although the communist regime claims the economic numbers it reports are factual, a new report by the New York Federal Reserve shows China’s gross domestic product growth volatility is incredibly—and unbelievably—low compared to other countries.

The report details how China’s reported data is too smooth over time compared to authentic statistics, and debunks it further by comparing it with other sources of information, such as satellite images of nighttime lights, which reveal wider fluctuations in economic activity than the official Chinese statistics.

Unfortunately, opaqueness in Chinese GDP growth rates is just the tip of an iceberg of secrecy. As a recent report by The Heritage Foundation notes:

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How China sets its overall budget, the actual size of its military budget, the relationship among various political factions, and even how specific decisions may be staffed are all elements that the [People’s Republic of China] deliberately strives to conceal.
Nonetheless, as the world’s second-largest economy, as a permanent member of the U.N. Security Council, and as a major power, the PRC has to provide some information about its economy, its political positions, and its various national and international endeavors, if only to interact with other states and economies.

Chinese Economic Data Is Often False, and That's a Problem

Chinese economic data is typically too good to be true. The new China Transparency Initiative will shed light on the truth.

www.dailysignal.com

 

[stgislander]

Tranny will be along shortly to correct you. She loves her some Chinese money.

 

[Kyle]

I hear they're going to change the unit name from the Yuan to the Joe.