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The Weekly Globe

[Inglés]

/ 18 May 2020

The Weekly Globe

Banking on China..? When Chinese Growth data are compiled at a local level, by politicians explicitly incentivized to deliver good news, and then added up at the National level to satisfy political leaders and their desire to cement their power with good news, it is hardly surprising that very little bad news ever escapes the Chinese vacuum. Indeed, the Brookings Institution showed this last year (see "A Forensic examination of China's National Accounts," March 2019, Wei Chen et al.)

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