Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> EXPORTS Latest News

JUL 02, 2013 - Zero Hedge

A Must Read - Share

China No Longer Making Up Numbers, Now Simply Deleting Them

For many years, the Chinese politburo (not to be confused with the US Department of Labor) had a simple solution to accusations that central planning doesn't work: just make up the economic numbers. However, a few months ago China found itself in hot water when it became impossible to pretend its manipulated numbers were even remotely credible, driven by a massive discrepancy between China exports to Hong Kong and HK imports from China. The immediate result by China, and the PBOC, as it attempted to regain some credibility was an drastic and epic move to force capital reallocation, in the ... Read More

Tags: China No Longer Making Up Numbers, Now Simply Deleting Them,  Exports Latest News