Revision of Chinese economic data

"Chinese economic data" is a double oxymoron. Why should we give a shit about a revision to something that was almost certainly a blatant lie in the first place?
 
Quote from Arthur Deco:

"Chinese economic data" is a double oxymoron. Why should we give a shit about a revision to something that was almost certainly a blatant lie in the first place?
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So true. Maybe a new genre would be apprope?

-Chinese economic science-fiction?
 
Quote from Arthur Deco:

"Chinese economic data" is a double oxymoron. Why should we give a shit about a revision to something that was almost certainly a blatant lie in the first place?
More...

`Cuz so many people believe it that it moves the markets anyway. Or perhaps, so many people believe other people believe it, or believe other people believe other people believe it ad naseam.

Anyway, it does seem to matter. Smoke & mirrors are better than nothing if that's all ya' got. Eventually the air clears.
 
Quote from Arthur Deco:

Why should we give a shit about a revision to something that was almost certainly a blatant lie in the first place?
More...

but that's precisely the point. it is because people DO give a shit that the markets moved. It just shows the role that China plays in the imagination of Americans or indeed people worldwide. There would not be such a reaction if Japan or Australia made that revision.

On another note, why would you believe in data that ANY govt gives you including our own?
 
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