Advance
Data
Series
Credit & Shadow
Finance
Monitor™
Manufacturing
Report
China
Commodities
Tracker™
Inflation
Tracker™
@ChinaBeigeBook
And while some degree of tweaking isn't new, the Q1-Q3 FAI revision is enormous—multiple trillions of yuan. It enables wholesale manipulation, if you think #China might possibly do such a thing.
4/
But we acknowledge presenting an index, while NBS claims its ever-shifting sample tracks *actual changes in volumes*. We just have to take on faith that there is a coherent, invisible set of revised numbers, w/breakdowns by sector, firm ownership, etc.
3/
Some long twitter threads today (plus back-&-forth w/other #China watchers) on Q3 official statistics, partic on whether drastic revisions to the govt's new #FAI results should be disqualifying.
Read up (there are several diff threads) & let us know what you think... https://twitter.com/ChinaBeigeBook/status/1318617149838163968
About Cbb
We Guide Your China Strategy
China Beige Book provides institutional investors and corporate decision-makers with market leading insights derived directly from our nationwide proprietary data on the Chinese economy.
CBB IN THE News
-
China’s uneven coronavirus economic recovery stirs protest in BeijingOctober 19, 2020
China is open to taking on more debt if that’s what it takes to support the economyOctober 16, 2020- China’s pandemic response seems to be ‘magic recipe’ for economic growthOctober 15, 2020
Robert Lighthizer Blew Up 60 Years of Trade Policy. Nobody Knows What Happens Next.October 13, 2020
‘Golden week’: wedding season boom in China with 600,000 couples tying knotOctober 13, 2020
Trump approves TikTok deal with Oracle, WalMart
Leland Miller calls the new TikTok deal “icky” and thinks giving Oracle a stake in the business is a dicey proposition.