Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
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Comments on this article
Comments PolicyMost thinking people would agree with Dr. Lee on this, but I suppose that this reliance on figures is a part of the wider scene of too much information in general (Buyers beware of Chinese data, January 23).
This enables anyone to take a position and then go find the stats to support it.
All governments play with the figures but perhaps in China they can be more efficient due to their system of government
Continuing on this theme, I am amazed no one has commented on the Chinese export figures from last month. 14+% increase which made everyone really happy (Buyers beware of Chinese data, January 23).
But when you look at imports in other countries, USA imports from China increased by about 1%, from memory Euro country imports from China actually fell slightly. Considering those 2 combined are the major consumers of Chinese exports, the rest of us must have inreased our imports enormously!!
How ever could you conduct due diligence anyway (Buyers beware of Chinese data, January 23).
We know we cannot trust the data from the western Governments either so what's new.
The brain is wired for survival/self interest so what else could you expect.
Was it Jim Chanos who said "China is Dubai times 1,000"? Brace for a hard landing, people (Buyers beware of Chinese data, January 23).
If you believe the Chinese data you will believe anything (Buyers beware of Chinese data, January 23).