Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

China gets $1 trillion boost from dodgy data: Report

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Arjun Kharpal
CNBC.com
August 17, 2013

China may be exaggerating the size of its economy to the tune of $1 trillion by releasing “willfully fraudulent” inflation and GDP [gross domestic product] data, according to a study out this week.

Numbers from the world’s second largest economy are treated with skepticism by some economists, but this latest report has attempted to quantify the scale of discrepancy.

“There is strong evidence indicating that the rate of real Chinese GDP growth, and ultimately total real GDP, may be significantly over stated,” said Christopher Balding, associate professor at Peking University’s HSBC Business School, and the report’s author.

Through “significant and systematic irregularities”, official estimates overstate China’s true GDP by 8 to 12 percent, or $1 trillion, according to Balding.

Full story here.

This article was posted: Saturday, August 17, 2013 at 4:38 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Mass Marketing Campaign For World War III See the rest on the Alex Jones YouTube channel.

Join The Government And Hack Legally See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.