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Rescooped by Monroe Zhang from Gold and What Moves it.
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Notes From Underground: Chinese GDP growth

... Rick Santelli discussed a piece last Thursday that was a reiteration of an old theme: Don’t trust the Chinese data. Christopher Balding, a professor at Peking University’s HSBC Business School, maintains that, “there is strong evidence indicating the real Chinese GDP growth, and ultimately total real GDP, may be significantly overstated.” Balding maintains that the Chinese inflation data had been manipulated  and/or “willfully fraudulent.” Professor Balding finds the housing data during an 11-year period comical as it shows housing prices rising 0.53% on average and in rural areas the rate was three times faster. Be skeptical of the call from the pundits who claim that markets move on Chinese economic releases. The more skepticism, the less influence. Transparency is a great disinfectant of contrived data. ...


Via Hal
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Hal's curator insight, August 21, 2013 1:29 PM

Click over for the full post covering several topics. 

Rescooped by Monroe Zhang from Apocalyptic Perspectives , Asteroids SuperVolcanoes End Time ~ Jonathan Zap
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Marc Faber: Chinese Economic Growth Only 4% | MARC FABER NEWS BLOG

Marc Faber: Chinese Economic Growth Only 4% | MARC FABER NEWS BLOG | Library-China | Scoop.it

Via Norie Roubin
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Norie Roubin's curator insight, September 25, 2013 9:04 AM
Marc Faber: Chinese Economic Growth Only 4%