China Fudging Its GDP Figures? Part Two – ANZ Weighs In

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Rupert Hargreaves
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Back in September the Federal Reserve Bank of San Francisco published a working paper titled, Is China Fudging its Figures? Evidence from Trading Partner Data. Written by John Fernald, Eric Hsu, and Mark M. Spiegel the paper used trading partner data as a proxy for GDP growth, comparing the proxy figures to the government’s official GDP numbers and concluded that Chinese GDP figures have been an inadequate measure of economic activity. I covered the paper’s findings here. Following the Federal Reserve Bank of San Francisco’s findings, analysts at investment bank ANZ have conducted their own investigation into the reliability of China’s GDP figures. And the…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk