Lies, Damned Lies, and Chinese Statistics
The process of estimating China's GDP bears on social stability and even the political future of local leaders, and is inevitably subject to political influence.
statistics;China economy
March 7th,2010
Distorted Housing Price Statistics Stir Anger over Policy
China's economic and business statistics have been notoriously inconsistent, unreliable,and often and apparently manipulated. Now it seems that the statistics concerning housing prices are no exception.
statistics;house market
March 5th,2010
The Vanishing Chinese Migrant Worker
The first generation of migrant workers is returning home to care for elderly parents and for their own retirement life, while the second generation of young migrant workers is increasingly inclined to seek employment locally, where new development is now providing growing employment opportunities.
migrant worker;labor shortage;hukou
March 1st,2010
China's New Year of the Tiger Looks to Be One of Trade Conflict with the US
China's imports and exports, imports in particular, are expected to show sharp recovery growth in the first quarter. Exports and imports are expected to increase by about 16% and 32%, respectively, over the same period last year, and China's trade surplus is expected reach around $43 billion, down around 31%.
trade war;RMB;trade surplus;
February 10th,2010
In China, Fast Economic Growth Does Not Equal Household Wealth
Over the past 30 years of reform and opening up, China's annual economic growth is averaging 10%. Hard-working Chinese people have made tremendous contribution to the global economy. Their rewards, however, are not matched with their contributions.
China GDP;China Wealth
January 22nd,2010
China's Lending Resurgent, but Riskier
Bank lending in China has once again started to accelerate, reaching an average daily amount of more than 100 billion yuan in the first working week in January, 2010.
bank lending; credit;tight
January 13rd,2010
China's 30-year CPI Growth Systemically, Greatly Under-counted
If CPI systematically underestimates the decline in purchasing power, it is of significance for the judgment of national well-being. The deposit interest rate over the past 30 years has always been coupled with CPI, and savers have supposedly received interest based on the CPI growth. If the ratio of CPI to the purchasing power of money is underestimated, it means that savers have suffered an enormous loss of purchasing power.
cpi;inflation;purchasing power
December 22nd,2009
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