Whistleblower Forces China To Come Clean Over Data Manipulation | Zero Hedge
It seems yet another conspiracy theory has become conspiracy fact thanks to a Chinese whistleblower. While the shrodinger-like nature of Chinese data has been keeping the market guessing for the last few years, the disconnects between hard-data (e.g. electricity production) and government-supplied surveys have been, at times, ridiculous (leaving aside the un-manipulated craziness of arbitrage-driven trade data). As the WSJ's China Real-time reports, in an unusual move, the National Bureau of Statistics – clearly frustrated with the lies, damn lies – has recently outed a local government it says was involved in a particularly egregious case of number fudging, providing rare insight into just how we’re being deceived.
It seems yet another conspiracy theory has become conspiracy fact thanks to a Chinese whistleblower. While the shrodinger-like nature of Chinese data has been keeping the market guessing for the last few years, the disconnects between hard-data (e.g. electricity production) and government-supplied surveys have been, at times, ridiculous (leaving aside the un-manipulated craziness of arbitrage-driven trade data). As the WSJ's China Real-time reports, in an unusual move, the National Bureau of Statistics – clearly frustrated with the lies, damn lies – has recently outed a local government it says was involved in a particularly egregious case of number fudging, providing rare insight into just how we’re being deceived.
