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The Nat'l Bureau of Statistics seems regularly to revise downward previously-released economic data which, as Caixin notes, provides a more favorable comparison for current statistics. The problem seems to be poor data collected at the local level.
caixinglobal.com
The Nat'l Bureau of Statistics seems regularly to revise downward previously-released economic data which, as Caixin notes, provides a more favorable comparison for current statistics. The problem seems to be poor data collected at the local level.
caixinglobal.com
2/2
"The revisions reflect contract cancellations and refunds, correct problems in data discovered during inspections and exclude data involving debt repayments. The 2022 sales figures were inflated because of the cancellation of contracts and the debt repayment transactions."
"The revisions reflect contract cancellations and refunds, correct problems in data discovered during inspections and exclude data involving debt repayments. The 2022 sales figures were inflated because of the cancellation of contracts and the debt repayment transactions."
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