this post was submitted on 18 Jul 2023
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[–] morry040@kbin.social 9 points 1 year ago (1 children)

As with any data out of China, it would be underestimated or unreliable, but yes, it seems like it should have been larger.

The metrics in the latest RBA chart pack were not encouraging either.
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf?v=2023-07-18-17-40-13

[–] freagle@lemmygrad.ml 1 points 1 year ago (3 children)

You do realize that there is a financial sector that invests both domestically and internationally? If literally everything was unreliable, it would be nigh impossible for investors to turn a profit.

[–] cleric_splash@lemmy.world 2 points 1 year ago

You do realize

He does but narrative > logic, he doesn't believe his own words.

[–] morry040@kbin.social 2 points 1 year ago* (last edited 1 year ago) (1 children)

Not every sector of the economy is questionable, but where data influences overall metrics like GDP, there have been well-documented issues of data integrity. For example, population counts.

This research paper from 2013 shows many more examples of discrepancies.

[–] HobbitFoot@thelemmy.club -4 points 1 year ago (1 children)

There is a financial sector in China, but the sector is much smaller than other countries because it is considered less trustworthy.

[–] Joncash2@lemmy.ml 5 points 1 year ago

Ah yes, the country with the 3rd largest stock exchange is clearly much smaller than other countries.

https://en.wikipedia.org/wiki/List_of_stock_exchanges

What are you smoking and where can I get some?