meanwhile...chances of chinese credit crunch?, page-54

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    Dopey, that doesn't worry me. The important thing is that zh reports facts which you don't get in the mainstream. I've been doubtful of the Chinese numbers for a decade now. zh does the hard work and comes up with facts supporting the fabrication of the numbers. Usually from other sources. The rehypothecation of copper stocks 30 times over for financing, for example, details on the shadow banking system, that sort of thing. The ghost cities and 64m empty dwellings are pretty mainstream by now. Li's 2007 comment that GDP numbers are man made and therefore not reliable is also mainstream.

    http://chinadigitaltimes.net/2014/03/flexible-growth-target-signal-end-gdp-worship/

    You don't have to believe the blog bit, but if interested it can be a start for some research. It is much easier to get a grasp on Chinese data if you know what they are twisting. One of those "we don't know what we don't know" problems.

 
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