China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy.
Corruption has led the Chinese government to institute so many checks and balances on their reporting system. They don’t have the massaging flexibility that the US has.
They need to learn to how juke the stats like we do in the US.
No such thing as a bad number a little massaging can’t fix IMHO
“Inflation seems really bad”
“But TVs are cheap now right”
“Yeah, but–”
“And every household needs, like, at least four TVs right? And people probably buy roughly 3 new TVs a year, right?”
“But what about food and housing and–”
“Bro they are saving so much on TVs it makes up for it! Call it 2% for the year, done”
“I have to work 3 jobs to make rent and health insurance”
“But look at the numbers! We’re almost at full employment! Isn’t that great?”
Corruption has led the Chinese government to institute so many checks and balances on their reporting system. They don’t have the massaging flexibility that the US has.
Funny if true haha