- "Willfully fraudulent" inflation and GDP data could have China's true GDP overstated by 8-12%, or nearly $1T, according to a new study from Peking University.
- Beijing's numbers have always been treated with skepticism, but this report is the first to try quantify the scale of the manipulation. "It is disturbing that a statistical body would so obviously manipulate and produce blatantly fraudulent data," says report author Chris Balding.
- One particular boner: Official stats have private housing prices up 8.14% over the last 11 years. "The claim that the housing component of CPI grew by less than 10% between 2000 and 2011 is nothing less than comical," writes Balding.
- China broad equity ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP.
Bogus data may be adding $1T to Chinese economy
Aug 16 2013, 10:14 ET