China’s Mysterious Investment Statistics
Though the accuracy of China’s official GDP and growth rates has long been a hotly debated topic, few have been challenging the credibility of its official investment statistics. But here, too, there is plenty of reason for doubt.
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SHANGHAI – The accuracy of China’s official GDP and growth rates has long been a hotly debated topic, with the detention in January of Wang Baoan, the director of the country’s National Bureau of Statistics, on graft charges intensifying doubts about the agency’s integrity. Yet, somehow, China’s official investment statistics have largely escaped discussion.