Do you Know about?

China economic data was 'man made': Wikileaks

Is the economic growth which china is projecting is unreliable? Wikileaks leaked cable tell us that Chinese Vice Premier Li Keqiang, admitted in 2007 that some of the country's economic data was 'man-made' and thus unreliable.

When evaluating the province's economy, Li said he focused on three figures - electricity consumption, volume of rail cargo and the amount of loans issued, a confidential memo released WikiLeaks.

"By looking at these three figures, Li said he can measure with relative accuracy the speed of economic growth," the cable said.

"All other figures, especially GDP statistics, are 'for reference only,' he said, smiling."

"GDP figures are 'man-made' and therefore unreliable, Li said," according to the leaked notes of the dinner in Beijing.

- AFP Inputs
Via: [DC]

No comments: