Re:‘The China Hustle’, a finance documentary
by thisisit on Sunday April 01, 2018 @01:18PM
(#16729347)
I watched the documentary today and it is not about the Chinese economy.
The documentary points out an interesting contrast. Most of these companies were filing correct figures in China. But they were filing fudged figures in US. Because it was difficult to get information out of China, no one bothered to verify. It sounds ridiculous.
But then I read stories about people being encouraged to admit fake data to get more subsidies:
The documentary points out an interesting contrast. Most of these companies were filing correct figures in China. But they were filing fudged figures in US. Because it was difficult to get information out of China, no one bothered to verify. It sounds ridiculous.
But then I read stories about people being encouraged to admit fake data to get more subsidies:
https://asia.nikkei.com/Politics-Economy/Economy/Chinese-loc...
And I understand. The whole place is so opaque that getting actual information requires people on the ground or some whistle blower.