Wednesday, January 10, 2018

MARKETS_ Real News on Fake Data in China

THE WALL STREET JOURNAL

MARKETS - HEARD ON THE STREET

Real News on Fake Data in China

Something smells fishy in China’s landlocked northwest

By Nathaniel Taplin

Jan. 10, 2018 3:44 a.m. ET

There was some bad news from Inner Mongolia last week: Apparently its headline economic statistics are complete nonsense. The remote northern Chinese province, famous for its sweeping Midwest-like plains, said its 2016 industrial growth had been overstated by 40%, while government revenue was inflated a mere 26%.

This latest revelation on Chinese data malfeasance, following a similar admission by rust-belt province Liaoning last year, is likely to renew hand-wringing in the West about the—cough—unique nature of Chinese economic...

READ MORE: https://www.wsj.com/articles/real-news-on-fake-data-in-china-1515573859


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