As is clear with any data from China (and this from a very senior economist at the World Bank) has 'zero' reliability. Government data is quite cooked up and even listed companies data is suspect (Luckin coffee is a good example). Population of Wuhan -11M, Population of NYC -8M. Variance in deaths - no statistician would try to put some calculation on that.
As is clear with any data from China (and this from a very senior economist at the World Bank) has 'zero' reliability. Government data is quite cooked up and even listed companies data is suspect (Luckin coffee is a good example). Population of Wuhan -11M, Population of NYC -8M. Variance in deaths - no statistician would try to put some calculation on that.
Honestly I'm not so sure. Their data may not be fake but I've seen years of execs pushing a positive spin and endlessly optimistic outlook. Many are still in denial that economic problems may persist because of structural problems that they're not addressing. The balance sheet may be okay, but the average person doesn't get to see that. We only see cheering press releases.
As is clear with any data from China (and this from a very senior economist at the World Bank) has 'zero' reliability. Government data is quite cooked up and even listed companies data is suspect (Luckin coffee is a good example). Population of Wuhan -11M, Population of NYC -8M. Variance in deaths - no statistician would try to put some calculation on that.
The only reliable data is being reported by US / European companies operating in China - GM, Starbucks, Apple to take a few examples.
Honestly I'm not so sure. Their data may not be fake but I've seen years of execs pushing a positive spin and endlessly optimistic outlook. Many are still in denial that economic problems may persist because of structural problems that they're not addressing. The balance sheet may be okay, but the average person doesn't get to see that. We only see cheering press releases.