Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Saturday, July 19, 2014

Chinese data dodgy

Everybody knows that Chinese economic data are suss.  When they say growth was 7.5%, it could be 6% or 9%.  The numbers are collected by the central statistical office from the regions, and there's always pressure to meet the target.  And "massaged" stats often differ from other time series which should move broadly together with the manipulated data.

So this article in Melbourne's The Age is interesting.  

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