Posted on 12/06/2010 8:17:28 AM PST by SeekAndFind
Found! An actually interesting Wikileaks, and tellingly it's not actually about the US, but an actually closed government: China.
This one specifically goes after the veracity of Chinese GDP which is described as "man made" (via FT Alphaville)
It's actually fascinating:
3. (C) Describing some of the challenges he faces as Party Secretary, Li [Liaoning Party Secretary] related that despite brisk economic growth of SIPDIS 12.8 percent in 2006, Liaoning’s income gaps remain severe. Liaoning ranks among the top 10 Chinese provinces in terms of per capita GDP, yet the number of its urban residents on welfare is among the highest in the country and average urban disposable income is below the national average. By contrast, rural disposable incomes are above the national average. Even so, incomes for Liaoning farmers are only half that of urban residents.
4. (C) GDP figures are “man-made” and therefore unreliable, Li said. When evaluating Liaoning’s economy, he focuses on three figures: 1) electricity consumption, which was up 10 percent in Liaoning last year; 2) volume of rail cargo, which is fairly accurate because fees are charged for each unit of weight; and 3) amount of loans disbursed, which also tends to be accurate given the interest fees charged. By looking at these three figures, Li said he can measure with relative accuracy the speed of economic growth. All other figures, especially GDP statistics, are “for reference only,” he said smiling.
The note about GDP being built off of amount of loans disbursed is particularly interesting, since this input is likely to be choked off (well, Beijing says they'll be cooled. Who knows what will happen in practice?).
(Excerpt) Read more at businessinsider.com ...
Everything is a mirage....built on lies. Why? Because the world system is under the control of the father of lies.
Anyone who studies China or does business this knows this already. Its no secret.
For example, in 2007, every Province, except one, reported GDP above the national average provided by the Central Government.
RE: every Province, except one, reported GDP above the national average provided by the Central Government.
That province must be doing terribly. Imagine a national GDP of 10% and 20 provinces reporting a GDP of 11%. What would it take for ONE province to drag the average national GDP down to 10%? (by my calculation, it must be -10%).
Which province is that and what happens to the governor?
China’s economy is fake. The companies often make up sales and earnings. Saudis oil reserves. They have had over 200 billion barrels since the 1980s.
US Banks, US rating agencies. The endless lies. I am liking WikiLeaks more.
http://www.youtube.com/watch?v=0h7V3Twb-Qk
Yes! I had the veil lifted last year - it happened after one specific presentation by a leftie think tank professor. It was my final piece of the puzzle which had frustrated me for a number of years. Today they’re pretty much an open book though the wikileaker remains a puzzle. I tended to liken them (despite their leftie front) to our beautiful hacking climategate rescuers until yesterday...still don’t know the full extent of this recent leak so gotta think some more. The 22y/o private didn’t do this alone.
yep
What does everyone think they spend all the $$$ that they parasitize from the US and Europe on a propaganda department for, if not to tell lies like this???
Get with the program, program!
Their banks have TRILLIONS of dollars of bad loans on their books and if they were called in, the whole system would crash. The only thing that keeps the whole thing afloat is the Govt subsidizing the banks to keep the banks from having to call them in.
They have 16 of the most 20 polluted cities in the world. Their miners don't want to work for dirt wages anymore. Anyone remember that chemical release of 40 million gallons of some kinda toxic poison into a river a few years back?
BELIEVE that comes out of the ChiComs because it comes out of their propaganda department. Heck, it's not like the leadership has to stand for reelection or anything. THEY'RE DICTATORS! They can tell any kind of lie that they want to.
Only a fool would believe anything about China that comes from the central govt.
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