How much do you trust economic data released by the Chinese government? I had assumed that economic indicators were manipulated, but recent discussion suggests it is just entirely fabricated, at least as bad as anything the Soviet Union reported. For example, China has reported a ~4.1% unemployment rate for over a decade. Massive global recession? 4.1% unemployment. Huge economic boom? 4.1% unemployment.

One of the largest, most important economies in the world, and I don't know that we can reliably say much about it at all.

How much do you trust economic data released by the Chinese government?

Not much.

If you want to explore further, I recommend this, for example this post.

Open thread, Dec. 21 - Dec. 27, 2015

by MrMind 1 min read21st Dec 2015233 comments

2


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