If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

[Slimprofits]

Driven by light industry and private enterprises. It seems to be worth watching over the next few months.

Xinhua - 2009-01-25 15:26:55

In December, state-owned and state-controlled enterprises witnessed an output drop of 0.6 percent, while that of private enterprises went up 16.3 percent, overseas-funded enterprises was up 0.3 percent.

In December, China's industrial output grew 5.7 percent, or 0.3 percentage points faster than the previous month.

[Slimprofits]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

Railway freight in China’s Shanghai region plunged 31pc in January and industrial production fell 12pc.

The Shanghai industrial data is being watched closely as a proxy for the country since there is no nationwide data for January owing to the Lunar New Year. The output fall is adjusted for the holidays.

http://www.telegraph.co.uk/finance/e...collapses.html

[phirang]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

China is a giant 0. I'd short their market to oblivion, but they'll prop up share prices.

[goadam1]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

Rumor has it China is printing money, lending it out and people are buying stocks. Could be a new global pastime.

[GRG55]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

Rumor has it China is printing money, lending it out and people are buying stocks. Could be a new global pastime.

New? Hardly. Whom do you think they learned that from...:rolleyes:

[metalman]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

New? Hardly. Whom do you think they learned that from...:rolleyes:

yar! we'll take yer money!



http://www.caymannetnews.com/Archive...r%20Hedge.html

and/or...



hey... fyi... your 'bunker' it starting to look kinda brady bunch. we'll take that, too!!!

[GRG55]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

yar! we'll take yer money!




hey... fyi... your 'bunker' it starting to look kinda brady bunch. we'll take that, too!!!

Where did you get the picture of my security consultant????

As for the bunker-barn, wait till I give it the Old MacDonald treatment and paint it cute red...Ee i ee i o...

[the whole idea is to draw their attention away to minimize the risk of detection of the nearby disguised ventilator shaft...]

[metalman]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

Where did you get the picture of my security consultant????

As for the bunker-barn, wait till I give it the Old MacDonald treatment and paint it cute red...Ee i ee i o...

[the whole idea is to draw their attention away to minimize the risk of detection of the nearby disguised ventilator shaft...]

fine if you don't mind a line of fatties stopping by your house to order a burger and fries. toss a grenade their way... they'll get the picture.

[touchring]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

The Chinese govt stats are as accurate as the financial statements of US banks.

[touchring]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

The chinese stats are as good as the financial statements of us banks.

[Slimprofits]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

Maybe so, touchring, but why did you change the joke?

[goadam1]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

can't find the article on the web. It was on the back of yesterday's wsj invest section.

[metalman]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

The post is based on an Economist article, entitled, "An aberrant Abacus," which posits that China has actually been underestimating its economic growth over the last few years. The article also puts forth the following "guide (developed by Goldman Sachs) to the reliability of official Chinese number" by ranking the reliability of Chinese government stats from 1-5, with 5 being the most reliable:
• Foreign Trade: 5
• Money Supply: 5
• Industrial production: 4
• Consumer Prices: 4
• GDP: 3
• Retail Sales: 3
• Fixed Investment: 2
• Employment: 2
• Average Earnings: 1
• Unemployment: 1

[Slimprofits]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

can't find the article on the web. It was on the back of yesterday's wsj invest section.

Michael Pettis is a professor at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

http://mpettis.com/2009/02/chinese-r...adlines-again/

While assuring us that it would ensure ample liquidity in the banking system and promote the reasonable and stable growth of credit, the PBoC, along with the CBRC, also stated three days ago that it was planning to investigate the lending spike. According to an article in the current Caijing:

A dramatic increase in bank lending in January has attracted attention from investigators with China’s central bank and regulatory agencies, Caijing has learned.

The China Banking Regulatory Commission plans to investigate the huge cash flow after banks issued 1.62 trillion yuan in loans during the month. Notes trading represented 38 percent of the total credit. Some analysts have claimed companies may be using government-encouraged bank loans to invest in the Chinese stock market, which has rallied since the start of the year.

[Supercilious]

Re: If the Bureau of Statistics is to believed, than Chinese industrial output rose in December

The post is based on an Economist article, entitled, "An aberrant Abacus," which posits that China has actually been underestimating its economic growth over the last few years.

That is absolutely true.