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A comment on Decoupling isn't phoney – The global trading system is starting to rearrange. Parent comment

Re:Decoupling isn't phoney – The global trading system is st... by reisse on Wednesday August 30, 2023 @12:33PM (#37324599)
> I’m tired of it too, but I think it’s better than “not use any data points” or “trust the super subjective data points put out by a totalitarian regime so they aren’t comparable to other countries.”

I understand this sentiment when it's applied to shithole countries where statistics cannot be verified in meaningful ways. But China is too big and too integrated into the world economics to fake or dismiss Chinese data. You can independently prove a lot of Chinese data by comparing it with their western trade counterparts.

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Re:Decoupling isn't phoney – The global trading system is st... by JumpCrisscross on Wednesday August 30, 2023 @10:21PM (#37331744)
> China is too big and too integrated into the world economics to fake or dismiss Chinese data

Chinese statistics are notoriously biased. There is a cottage industry of hedge funds using satellite imagery to correct their figures and trade on it.

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Re:Decoupling isn't phoney – The global trading system is st... by ETHisso2017 on Wednesday August 30, 2023 @10:30PM (#37331794)
Can you name some of these hedge funds?
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Re:Decoupling isn't phoney – The global trading system is st... by c_o_n_v_e_x on Thursday August 31, 2023 @12:38AM (#37332527)
I know someone in the commodity business who uses satellite imagery for monitoring demand.
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Re:Decoupling isn't phoney – The global trading system is st... by prewett on Thursday August 31, 2023 @01:02AM (#37332658)
I don’t see how you can trust numbers from a government which fairly openly treats truth as malleable. Also, cadres are evaluated to a certain extent on their economic metrics, and of course a metric ceases to be reliable when your evaluation depends on it. But the real kicker is that the outgoing prime minister, Li Keqiang, did not trust the official numbers and developed his own calculation using other numbers. [1]

[1] https://en.m.wikipedia.org/wiki/Li_Keqiang_index

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