Tuesday, February 12, 2013

China’s Official Statistics Paint Grim Economic Picture

Not many people take the statistics coming out of China at face value. The Chinese regime and local governments have a long track record of manipulating or even completely fabricating economic data. However, if more reliable data is not available, the data published by the National Bureau of Statistics of China remains the only one usable for analysis. No matter how unreliable it is, this data can still provide the ability to peek into the reality of China’s economy. (Read more)