"The human and economic cost of China’s zero-Covid strategy is mounting"?
With 4 million Covid lives saved, the Chinese people are 90% supportive of current policies.
"huge questions remain about the veracity of Chinese economic indicators"?
No. Questions about the quality of Chinese economic indicators were settled long ago. China' stats are rock solid. Major hedge funds agree, as do international banks, as do academics. Those interested in making sensible use of Chinese data should consult Tom Orlik’s excellent Understanding China’s Economic Indicators (FT Press, 2012). …
The falsification theory also fails a simple logical test. If the government publishes false data, it must either rely on this false data to make economic policy, or it must keep a secret set of true data. If it uses false data, economic policy will quickly run aground, as it did during the Great Leap Forward of the 1950s, when reliance on bogus agricultural production numbers led within a couple of years to a catastrophic famine that killed tens of millions of people. …
“Will China boost investor confidence before the much-anticipated 20th Communist Party congress later this year?”
Based on the massive, ongoing inflow of FDI into China, investor confidence needs no boosting.
"The human and economic cost of China’s zero-Covid strategy is mounting"?
With 4 million Covid lives saved, the Chinese people are 90% supportive of current policies.
"huge questions remain about the veracity of Chinese economic indicators"?
No. Questions about the quality of Chinese economic indicators were settled long ago. China' stats are rock solid. Major hedge funds agree, as do international banks, as do academics. Those interested in making sensible use of Chinese data should consult Tom Orlik’s excellent Understanding China’s Economic Indicators (FT Press, 2012). …
The falsification theory also fails a simple logical test. If the government publishes false data, it must either rely on this false data to make economic policy, or it must keep a secret set of true data. If it uses false data, economic policy will quickly run aground, as it did during the Great Leap Forward of the 1950s, when reliance on bogus agricultural production numbers led within a couple of years to a catastrophic famine that killed tens of millions of people. …
“Will China boost investor confidence before the much-anticipated 20th Communist Party congress later this year?”
Based on the massive, ongoing inflow of FDI into China, investor confidence needs no boosting.