Lies, damn lies, and China's economic statistics

Discussion in 'China' started by Twinblade, Aug 15, 2013.

  1. Twinblade

    Twinblade Senior Member Senior Member

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    Lies, damn lies, and China's economic statistics
     
    Austin likes this.
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  3. rockdog

    rockdog Regular Member

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  4. bose

    bose Senior Member Senior Member

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    Do not show your stupidity... Why bring in India here... Is this a report from Inida ???

    It is well know that Chinese economy is inflated and doctored...
     
  5. ice berg

    ice berg Senior Member Senior Member

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    You are smarter than the people who invest money there then.

    China June FDI rises at fastest pace in more than two years
    China June FDI rises at fastest pace in more than two years | Reuters
     
  6. bose

    bose Senior Member Senior Member

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    I am not sure if I am smarter than those people who put money into wrong place... Even smarter persons make mistakes... But definitly would suggest them not to do so...

    All data are madeup by local officials... Western sources should not rely on those fuzzy data...

    Chinese economy is more bad than anticipated...
     
  7. cw2005

    cw2005 Regular Member

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    No economy in the world reflected properly by the data presented by government. As in China case, it is even more confusing. But if it is inflated or deflated is purely depends on who is looking at it.

    I used to work with a foreign textile manufacture company in China. The company needs to export "All" produce. However, it managed to sell "All" produce locally by running empty trucks to and flow from Hong Kong with valid official documnts from those product importer. That is to say when a company imports textile, actually he buys locally and when a producer need to export, it sell locally. So, the export and import statistics might be twisted.

    But wait, it might not be so. Because part of the local sales actually end up "Exported" through the border into South Asian country and even Russia and could be considered as real export.

    You never have any hint on how reliable would be the statistics. But is this situation only found in China?
     
  8. ice berg

    ice berg Senior Member Senior Member

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    In what way are the people putting money in the wrong place? Are you saying the FDI numbers are fake? If so, how? What is your source that western sources only rely on chinese numbers?
    In what way is chinese economy worse than anticipated? What country are you comparing China with? What is the benchmark for China during the current recession?

    Please provide relevant sources for your argument. It makes it easier to follow you. Otherwise it is only your opinion.
     
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  9. Compersion

    Compersion Senior Member Senior Member

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    Would like to have your insight about prc fdi through the following excerpt from your article you stated:

    "FDI from Japan was up 14.4 percent in the first six months from a year earlier to $4.7 billion while inflows from 10 Asian nations rose 5.3 percent in the first half from a year earlier to $53.8 billion, which included $39.7 billion from Hong Kong."

    Do you account for Taiwan in fdi figures. Also what is the usd 39.7 billion from Hong Kong. That's huge and impressive. Is there some huge deal we haven't heard about. Mind to share a little about what type of fdi and how fdi is calculated and also what this 39.7 billion is. Many thanks
     

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