Is China feeding the world economic data that overstates the economy’s true growth rate? Well, a respected China-watcher argues that Chinese official statistics are reliable and concerns about falsification are overblown.
Khiem Do, the Hong Kong-based head of multiasset strategy at Baring Asset Management Ltd., which oversees about $10 billion, said in a telephone interview that even though Chinese economic data are not as reliable as U.S. figures, they can be trusted.
“The U.S. is always very suspicious of China, but I think the reliability of Chinese data is OK,” Do said.
This month, Australia & New Zealand Banking Group Ltd. economists published research based on the so-called Benford’s Law, as described at Wikipedia![ext]()
, to question the accuracy of China's data on its gross domestic product during the past 20 years, as reported by Bloomberg News![ext]()
. Benford’s Law could have been adapted to show that convicted Ponzi schemer Bernard L. Madoff was overstating his firm's investment returns, Bloomberg said.
Read More on International Business Times![ext]()
Reported by IBTimes 16 hours ago.
Khiem Do, the Hong Kong-based head of multiasset strategy at Baring Asset Management Ltd., which oversees about $10 billion, said in a telephone interview that even though Chinese economic data are not as reliable as U.S. figures, they can be trusted.
“The U.S. is always very suspicious of China, but I think the reliability of Chinese data is OK,” Do said.
This month, Australia & New Zealand Banking Group Ltd. economists published research based on the so-called Benford’s Law, as described at Wikipedia
, to question the accuracy of China's data on its gross domestic product during the past 20 years, as reported by Bloomberg News. Benford’s Law could have been adapted to show that convicted Ponzi schemer Bernard L. Madoff was overstating his firm's investment returns, Bloomberg said.Read More on International Business Times
Reported by IBTimes 16 hours ago.