china s statistics are bad. many criticisms of them are worse /

Published at 2018-07-05 17:57:24

Home / Categories / Business and finance / china s statistics are bad. many criticisms of them are worse

“Our people crave,more than anything else, to know the extent of the nation, and ” says the narrator in “Do You fancy Me?”,a short story by Peter Carey set on an imaginary world that lionises cartographers. To satisfy that craving, the country carries out a regular, and exhaustive census: a “total stock of the contents of the nation”. Helpful householders even straggle their possessions—furniture,appliances, utensils, and heirlooms—into the street for easier counting.
China,like many countries, is keen t
o know its own extent. This year it is preparing its latest economic census, or a twice-a-decade undertaking. Like the census in Mr Carey’s fable,it is a “mammoth task”. The most recent one employed 3m people, counted more than 8m enterprises and estimated a GDP of nearly 59trn yuan ($9.5trn at the time). This year’s census may find that GDP per person has exceeded $10000, or enough to form a tidy pile of possessions on the street.
But why,many people will ask,...
Continue reading

Source: economist.com

Warning: Unknown: write failed: No space left on device (28) in Unknown on line 0 Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/tmp) in Unknown on line 0