Does China Lie About Its Economic Statistics? @EconomicsExplained

Economics Explained | Does China Lie About Its Economic Statistics? @EconomicsExplained | Uploaded December 2022 | Updated October 2024, 1 hour ago.
Get your free subscription to Morning Brew at morningbrewdaily.com/economicsexplained

Over the past 30 years China has experienced perhaps the most impressive economic growth of any country in history. But these impressive growth numbers all come from official government statistics bureaus. How much can we trust the official statistics?

0:00 - 2:22 Intro
2:23 - 3:09 Morning Brew
3:10 - 6:12 Precision versus accuracy
6:13 - 7:14 China's data collection problems
7:15 - 8:40 Measurement difficulty
8:41 - 10:49 Cooking the books
10:50 - 12:35 Alternative data
12:36 - 16:15 Limitations of alternative data
16:16 Economics explained national leaderboard

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw

Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍

Check out our second channel Economics Explained Essentials → youtube.com/@economicsexplainedessentia551

✉️ Business Enquiries → hello@economicsexplained.com

🎧 Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained

Follow EE on social media:
Follow EE on social media:
Twitter 🐦 → twitter.com/EconomicsEx
Facebook → facebook.com/EconomicsEx
Instagram → instagram.com/economicsexplained
TikTok → tiktok.com/@economicsexplained

#Economics #Explained #EconomicsExplained #china

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 patreon.com/EconomicsExplained

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

Why Canada Is Banning Foreigners From Buying Homes

Was Dropping The Gold Standard A Mistake? | Economics Explained

Are We Heading into a Geopolitical Crisis? | Interview with Nouriel Roubini

Economic implications of Ukraine War #shorts

$Does Switzerland Deserve to Be the Richest Economy in the World? Sign up on Trading 212 at https://www.trading212.com/join/EE and get a random fractional free share worth up to €100! When investing, your capital is at risk and you may get back less than invested. Past performance doesnt guarantee future results. Interest applies on cash in an investment account. Terms apply. Switzerland is often seen as an economic powerhouse with immense wealth, luxury exports, and a prestigious financial sector. But what’s behind its global reputation? In this video, we explore how Switzerland developed its world-leading industries and whether this success benefits the average Swiss citizen. We also look at potential challenges to its economic dominance and what happens when a country’s reputation becomes a double-edged sword. Our Patreon community made this video possible! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Check out our other channels ▶️ Epic Economics @EconomicsIsEpic Context Matters @Context.Matters And our Language Channels → WirtschaftsWissen (GER) - https://www.youtube.com/@wirtschafts-wissen/ LÉconomie Expliquée (FRE) - https://www.youtube.com/@Economie-Expliquee Economia Explicada (POR) - https://www.youtube.com/@EconomiaExplicada-cz7zi Economía Explicada (SPA) - https://www.youtube.com/@Economia-Explicada اقتصاد العالم (AR) - https://www.youtube.com/channel/UC2e5T8HRatVL05rhhhqRkXA 経済会話 (JP) - https://www.youtube.com/@KeizaiKaiwa ✉️ Business Enquiries → hello@economicsexplained.com 🎧 Listen to EE on Spotify! 👉 https://open.spotify.com/show/5TFVUEJnYLOCmmfaDNHaM2 Also on Apple Podcasts or anywhere else you listen! #EconomicsExplained #Switzerland #Trading212 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained 👑 ROYALTY CLASS 👑 Juan Benet UPPER CLASS Valkmit, Randall, Charles Youngs, Jeromy Johnson UPPER MIDDLE CLASS jenni himelic, Tarun B, Ernest Hua, Michael Wakim, Pineapples&bricks, Robert Abraham, Peter Wesselius, Michael Ling, Frank Soltero, Jay Eno, Grégoire Duchéne, Sophie G, Brett Jubinville, Anthony Roberts, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Laor Glukhovsky, Forodon, Paul Ashworth, Wendover Productions, Andrew Harrison, Shane Wailes, Igor Bazarny MIDDLE CLASS Julian Gilyadov, Eric, Larry Brown, Rudy Salazar, Bill Calkins, Per von Zweigbergk, Malleus Flavus, Backartoffel, Andy Giesen, Christopher Kastensn, Aryan, William Sherlock, Gerhardus, URtheOneNemo, Chris, Brian, Vladimir Zotov, Seth, Jason, Jamie Costello, Leah Klearman, PsOFa, Abel, Randall Sylvia, Eric Slimko, Empyre18, Kieran VR, Thomas Davenport, Kim Brand, Ted Marcy, Joe Ryan, Wees Kendall, Shane Guthrie, Karan Mehta, ToGER, Randy Cleary, Arjan, Liubov Zvereva, Michael D. Hall, Long Phan, Craig Mews, Kent Klatchuk, Roman~1, Wesley Fite, David Mcllveen, Anthony, Daniel Alberto VAjzqu, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, Michael KAYarbis, Hugh Harris, David W., DarH, will, Kheng Lai Tan, David Taylor, Scott Greenwood, Jane Walerud, Zachary Demko, Michael Wolff, Siegfried Eggt, PM, michael, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, Kevin Macintyre, Travis Thompson, Matthew Eggleston, Kenneth Lum, Zachary Kasow, Reuben Field, Nigel Pauli, Jacob, ABS, Matt McKee, Victor T., John c, Rimvydas, John Downie, Donald Wedington, Demo sthenes, Ed The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: https://www.youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw$

Could Thailand Reshape Asia Despite Its Chronic Instability?

The Worlds Most Dangerous Economy: Somalia