Comments on: Reality of Chinese Economy http://alllooksame.com/?p=297 China, Japan, Korea: What's the difference? Mon, 06 Sep 2010 18:31:01 +0000 hourly 1 http://wordpress.org/?v=abc By: Inst http://alllooksame.com/?p=297&cpage=1#comment-1306 Inst Wed, 09 Dec 2009 13:58:43 +0000 http://alllooksame.com/?p=297#comment-1306 "What I find funny is this: Why do they have to bother with such a scheme? Why don’t they just make up the numbers? Why bother collecting any data? I think they should bail out Madoff and hire him as their minister of finance." There's systematic problems with their statistics bureaus. Promotions for government officials are based in part on GDP statistics, so there's incentives for officials at lower levels to deceive the central government. So the center develops methods to counteract mundane fraud, and the periphery develops new types of deception. “What I find funny is this: Why do they have to bother with such a scheme? Why don’t they just make up the numbers? Why bother collecting any data? I think they should bail out Madoff and hire him as their minister of finance.”

There’s systematic problems with their statistics bureaus. Promotions for government officials are based in part on GDP statistics, so there’s incentives for officials at lower levels to deceive the central government. So the center develops methods to counteract mundane fraud, and the periphery develops new types of deception.

]]> By: Robert Geczi http://alllooksame.com/?p=297&cpage=1#comment-1302 Robert Geczi Sat, 05 Dec 2009 19:13:31 +0000 http://alllooksame.com/?p=297#comment-1302 Why look to China to pull "you out of the recession"? The US is going down, just face it. It's time you all jump ship and start a new country or something. ;) Why look to China to pull “you out of the recession”? The US is going down, just face it. It’s time you all jump ship and start a new country or something. ;)

]]> By: Rob http://alllooksame.com/?p=297&cpage=1#comment-1270 Rob Mon, 26 Oct 2009 13:05:31 +0000 http://alllooksame.com/?p=297#comment-1270 I've lived in China for 4 of the last 7 years now and have seen lots of "junk" buildings get rehabilitated, finished and rented out. They're made of cement, not wood; they don't rot. Although I can't really judge what's in the video as the Chinese government is still blocking Youtube. Realistically, all statistics here are complete rubbish; but if you're just figuring that out now, you're a bit thick. I’ve lived in China for 4 of the last 7 years now and have seen lots of “junk” buildings get rehabilitated, finished and rented out. They’re made of cement, not wood; they don’t rot. Although I can’t really judge what’s in the video as the Chinese government is still blocking Youtube.

Realistically, all statistics here are complete rubbish; but if you’re just figuring that out now, you’re a bit thick.

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