Do you believe that China’s economic data is fake? Also, do all countries do the same thing?
The economic data we receive from every country is most likely fake. Or at least padded and puffed up to make it seem stronger in times when it’s weak. Well according to Brookings, they’ve been handing out fake economic data since at least the Financial Crisis. Perhaps this is only the beginning to seeing some real truth being uncovered.
China Toughens Crackdown on Fake Economic Data – BNN Bloomberg
China’s economy is 12% smaller than official data say, study finds | Financial Times
A forensic examination of China’s national accounts
Factbox: China rolls out fiscal, monetary stimulus to spur economy | Reuters
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