Author: senoritazhao

No reason to believe China falsifies its national economic data [Copy link] 中文

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Post time 2018-1-28 11:33:04 |Display all floors

Moreover, the Chinese industrial sector has also become more energy-efficient over time. Thus, the rate of growth of electricity consumption is no longer a good indicator of the rate of growth of industrial production as it does not take into account the increased energy efficiency of the new production capacities. Projections based on the “Keqiang Index” are therefore likely to understate the rate of growth of real GDP.

In conclusion, even though Chinese economic statistics are far from perfect, they are the most reliable data available, and there is no evidence of intentional or systematic falsification by the National Bureau of Statistics.

Lawrence J. Lau is the Ralph and Claire Landau Professor of Economics at the Chinese University of Hong Kong


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Post time 2018-1-29 07:04:56 |Display all floors
Well-written article.

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Post time 2018-2-1 08:22:30 |Display all floors
senoritazhao Post time: 2018-1-28 11:32
However, the index has not tracked the Chinese economy well in recent years because the service sect ...

The weighted average of falsified figures ... ? This post is an extraordinary attempt to gloss over that simple fact.

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2015 Most Valuable Member Medal

Post time 2018-2-1 13:04:39 |Display all floors
coralbay Post time: 2018-1-31 16:22
The weighted average of falsified figures ... ? This post is an extraordinary attempt to gloss ove ...

What simple fact do you know that the rest of us don't?
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2018-2-1 15:01:37 |Display all floors
robert237 Post time: 2018-2-1 13:04
What simple fact do you know that the rest of us don't?

Still working on it,

Since January, teachers in England will have the option of using “Real Shanghai Mathematics,” a series of 36 textbooks translated directly from Chinese into English. The only difference?
   The renminbi symbols will be replaced by British pound signs.

Experts say England is the first country to forge ahead with a bold government-backed plan to remake some classrooms in the image of the East.
Under a $54 million initiative funded by the government, more than half the primary schools in England will adopt a teaching approach to math that is used in top-performing places like Shanghai and Singapore.

“I am confident that the steps we are taking now will ensure young people are properly prepared for further study and the 21st-century workplace, and that the too often heard phrase ‘can’t do maths’ is consigned to the past,” said Nick Gibb, the British schools minister who oversees primary education, when he announced the initiative last year.

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Post time 2018-2-1 22:37:11 |Display all floors
We can't trust us economic date. And it is obvious that major us companies lie about sale figures to keep stock prices up. We need independent body to make sure Americans stop telling silly lies about how many iwatches and phones they sell. They are ridiculous liars. US economy is collapsing - look at retail sector but they keep lying telling us they recovered from the GFC they caused.

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Post time 2018-2-2 09:55:16 |Display all floors
emanreus Post time: 2018-2-1 15:01
Still working on it,

Since January, teachers in England will have the option of using “Real Shan ...

More classic whataboutery from you. This is becoming a trend.

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