China: “No Float For You!”

China: “No Float For You!”

There's been no shortage of speculation about the veracity of China's GDP data which many consider to be nothing short of make-believe. Essentially, output is whatever the Politburo says it is, and attempting to guesstimate what the "real" figures are is an exercise in futility if you get paid to try and predict what the official numbers will ultimately be (i.e. if you're a sellside economist). Still, we have a laundry list of reasons to doubt the data. Some of these reasons point to a delib
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