Who's Cooking the Books?

Posted by M ws On Thursday, March 21, 2013 0 comments
Tom Orlik reported HERE that on Wednesday, U.S. Treasury Secretary Jack Lew met with China's Premier Li Keqiang, a crucial first meeting between new representatives of the world's two biggest economic powers. Lew's interlocutor sits at the top of the world's second-largest economy -- a country whose GDP reached approximately $8.3 trillion in 2012. But how accurate are the statistics that illuminate China's growth? Even Li himself has said (as quoted in a U.S. State Department cable published by WikiLeaks) that China's GDP figures are "man-made" and therefore unreliable.

CLICK HERE to read this excerpt from Wall Street Journal China reporter Tom Orlik's book book, Understanding China's Economic Indicators,  where he explains how to get to grips with China's data.

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