China Economics in Charts – Do You Trust These Numbers?
September 10, 2013 11:13 am
China has released a series of economic reports over the past few weeks that points to a recovery from a a long slog of soft numbers. Just a couple of months ago, the country revealed that the import and export number have been improperly calculated and since adjusted. If we can believe that the adjustment is now correct, then we are okay. However, there is still a big question looming large about how trustworthy any of the “official” number are.
With that as a backdrop, below is the series of charts that we focus on to give us some insight of the bigger picture within China. As it looks today, there is a very significant uptick in most of the key manufacturing levels that is a good sign. Some of the reason for this is the recent change in monetary policy to allow for a some growth after they had clamped down for a while.