What do you think of the economic data?

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What do you think of the economic data?
Jan 16, 2009 00:19
LEOPOLD219 Points: Join Date: Feb 7, 2007 Status: offline	When interviewed, some Chinese officials said that the Chinese economy growth in 2009 would be around 8 percent. Some even gave you a higher goal. However, people started to doubt if the data is worth believing due to the sharp slowdown in the economy in recent months. This is just an example. What do you think of the official economic report?

Jan 16, 2009 10:27

CARLOS
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Join Date: Sep 10, 2007
Status: Offline

This was very common among late Soviet officials. I visited Leningrad (St Petersburg nowadays) two times 1979. Both times we had a guide who everlastingly glorified the acchievements of the Russian people and Lenin and Stalin and their voices were almost in falsetto then. We could not choose guides, they were placed by Intourist, some kind of Russian tourist organization. Funny thing was that those magnifient buildings and parks were build far before Soviet time and the communist party had nothing to do with them. Either the guides did not know it or they thought we didn´t.
Same time the news were full of reports of great Russian this and even greater Russian that. Well, we all know what happened when Soviet Union collapsed.

Seems like there will always be some officials, some in higher position, some in lower, saying things that has nothing to do with the trueth. What they get from it, beats me.
One thing in common with these people is that they live in more or less closed community where giving people sencored and modified trueth is a tradition.

Carlos

Jan 16, 2009 20:50	#2
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	China has revised the economic growth in 2007. When it was first published, it was said to be 11.9 percent. Now, it is changed to 13 percent. Did the NBS (National Bureau of Statistics) make a mistake?

Jan 16, 2009 21:48	#3
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	It could be above 9% considering its nation wide invetment in infrastructures, affordable housing and auto industry, etc. In another word, this crisis would be a historical opportunity of leap!

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