If you’ve been following the blog for a while, you’ll know that I’ve been rather skeptical about the official statistics reported by Chinese government and media sources. I’ve been rather more skeptical about western media outlets that depend on these statistics as if they were issued by the US, Canadian, or British governments — China does not have a stable and transparent way of gathering or compiling economic data, but even more to the point they have significant political reasons for using the reported statistics for political reasons.
In Forbes, Tim Worstall looks at retail car sales in China’s luxury market for a recent example:
For China is a large enough place, and different enough, that you can spin the same statistics any way that you want to. For example, take a couple from today’s new about car sales in the country. Apparently you can now buy the top of the line Bentley on same day service, no wait for delivery […]
The jump in sales was 30% for China. So are car sales slowing down? Or not? Is BMW’s stonkingly good quarter just because they have been filling the dealers’ lots? Is Bentley’s bad one because they did that last quarter? Are BMW counting deliveries to dealers, as the official statistics do, or are they counting true sales?
This is one of the problems with looking at Chinese economic statistics. The place doesn’t necessarily compile all the numbers the same way we do: nor does it necessarily compile them in a consistent manner across the country.
