China disappeared fact of the day

by on December 21, 2015 at 12:02 pm in Current Affairs, Data Source, Economics, Political Science | Permalink

Publishers of the China Minxin purchasing managers index said they will stop updating the gauge of manufacturing to make a “major adjustment” to their calculations, dealing a second setback in recent months to investors looking for an early read on the economy.

Release of the unofficial purchasing managers index jointly compiled by China Minsheng Banking Corp. and the China Academy of New Supply-side Economics will be suspended starting this month, the Beijing-based academy said in an e-mailed statement Monday, about six hours before the latest monthly data were scheduled for release.

Six hours, I guess they found some big mistakes in the number really late.  The article is here.

For pointers I thank Christopher Balding and Chris Anstey.

1 Thor December 21, 2015 at 1:23 pm

Some strange zen koans today, see above.

2 Todd December 21, 2015 at 1:36 pm

Maybe some real numbers were about to get out. Can’t have that.

“China Academy of New Supply-side Economics” – one hopes that is a bad translation

3 Yancey Ward December 22, 2015 at 10:20 am

+1

4 jorgensen December 22, 2015 at 9:35 am

They probably looked at the numbers and decided that if they published the truth they would be charged with economic sabotage and go to jail for the rest of their lives (or worse).

5 TallDave December 26, 2015 at 11:19 pm

Fun note: nearly all official China data is (officially!) deemed not comparable to earlier periods.

Those inscrutable Chinese!

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