Get the latest tech news
Trump Is Undermining Trust in Official Economic Statistics. China Shows Where That Path Can Lead
China demonstrates how manipulating economic data can ultimately erode government credibility.
In the days since, Republicans have piled on, baselessly accusing McEntarfer of putting out “fake reports.” Trump hasn’t named a new BLS commissioner yet, but the saga has already left some Americans questioning whether government statistics can be trusted. But many analysts, both inside and outside China, believe that Beijing continues to fudge its overall growth numbers, in part because officials remain deeply concerned with projecting a rosy image of the economy. As China’s economy cooled in recent years, officials have repeatedly sought to muzzle experts who share negative information or dare to question Beijing.
Or read this on Wired
