{"id":16045,"date":"2012-07-13T09:50:54","date_gmt":"2012-07-13T14:50:54","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=16045"},"modified":"2012-07-13T09:50:54","modified_gmt":"2012-07-13T14:50:54","slug":"questioning-the-accuracy-of-official-chinese-economic-figures","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/07\/13\/questioning-the-accuracy-of-official-chinese-economic-figures\/","title":{"rendered":"Questioning the accuracy of official Chinese economic figures"},"content":{"rendered":"<p>Yes, we&#8217;ve heard this several times before, and for <a href=\"https:\/\/www.theglobeandmail.com\/report-on-business\/economy\/economy-lab\/chinese-data-prompt-doubts-over-accuracy\/article4414683\/\" target=\"_blank\">good reason<\/a>:<\/p>\n<blockquote><p>China\u2019s relatively mild slowdown in the second quarter has reignited a controversy about whether its official statistics can be trusted.<\/p>\n<p>Chinese growth edged down to 7.6 per cent in the second quarter from 8.1 per cent in the first quarter, and analysts said the momentum in June, from stronger bank lending to rising investment, pointed to a rebound in the second half of the year.<\/p>\n<p>But rather than delivering reassurance, the numbers instead provoked questions about whether the reality is worse than the government is letting on.<\/p>\n<p>Economists with Barclays noted that a deceleration in industrial production was consistent with 7.0-7.3 per cent growth. Analysts at Capital Economics said that the true figure was probably closer to 7.0 per cent.<\/p>\n<p>[. . .]<\/p>\n<p>Doubts about Chinese data have a fine pedigree. Li Keqiang, who is widely expected to succeed Wen Jiabao later this year as premier, confided to U.S. officials in 2007 that gross domestic product was \u201cman made\u201d and \u201cfor reference only\u201d, according to a diplomatic cable published by WikiLeaks.<\/p><\/blockquote>\n<p>Earlier posts on the Chinese economy are <a href=\"http:\/\/quotulatiousness.ca\/blog\/?s=china+economy\" target=\"_blank\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, we&#8217;ve heard this several times before, and for good reason: China\u2019s relatively mild slowdown in the second quarter has reignited a controversy about whether its official statistics can be trusted. Chinese growth edged down to 7.6 per cent in the second quarter from 8.1 per cent in the first quarter, and analysts said the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,22,25,84],"tags":[780,363,727,290],"class_list":["post-16045","post","type-post","status-publish","format-standard","hentry","category-business","category-china","category-economics","category-government","tag-communism","tag-corruption","tag-cronycapitalism","tag-statistics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4aN","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=16045"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16045\/revisions"}],"predecessor-version":[{"id":16047,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16045\/revisions\/16047"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=16045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=16045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=16045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}