Meanwhile, the Pearl River Delta community has grown to 68 million people and is the thirteenth largest economy in the world.
Number 14 is Russia
The PRD is the same size as Vermont and New Hampshire combined.
Chinese financial reports, chinese academic records, chinese statistics, chinese audits... what do they have in common? I wonder how much of Apple's claim as being the most profitable company in the world is based on Chinese accounting.
It’s just hard to imagine a country cooking the numbers to try to make the government look good. Who would ever do that?
“China on Tuesday reported its economy grew 6.7% during the third quarter. Nothing suspicious about that”
It’s not necessarily that they are cheating. Their whole public statistic system is a crap. One needs to take a look at car sales or container port traffic (which are “hard” data, not estimates of any kind) to see what’s really going on there. Chinese themselves don’t know what the size of their economy is. They are not cheating, they are guessing.