When the facts change I change my mind, what do you do sir
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Suspicions turn to claims in Chinese data manipulation
After years of suspicion, one person has gone the next step to show the world just how the Chinese powers-that-be are likely massaging their internal numbers to produce artificially-high economic growth data. Manipulating housing inflation data produces goosed-up GDP Christopher Balding of the HSBC Business School at Peking University noted in a new study that China has been overstating their economic growth indirectly by understating their inflation rate by manipulating the Chinese housing data in various ways. Balding points to fairly obvious methodologies being used by the numbers-producing statisticians to ... (full story)
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When the facts change I change my mind, what do you do sir
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When the facts change I change my mind, what do you do sir
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