Sunday, October 23, 2005

Chinese Economic Numbers

If the earlier discussion of Chinese defense expenditures didn't give you enough fictional economics for one week, China's third-quarter economic growth numbers are out.
The GDP figures recorded growth from July to September at 9.4 per cent, almost exactly on par with the first two quarters, which came in at 9.4 and 9.5 per cent respectively. [source]

Simon offers a great deconstruction of China's numbers by Jake van der Kamp. The Financial Times also has some doubts.

For those readers who aren't automatically skeptical upon seeing Chinese economic statistics of any variety:
  • Simon World has a great roundup explaining the generally fictious nature of China's economic statistics.

  • I previously blogged on fuel consumption contradicting growth statistics here. Especially relevant is this article from The New Republic cited therein, which sadly is available only to subscribers.