China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy.
Corruption has led the Chinese government to institute so many checks and balances on their reporting system. They don’t have the massaging flexibility that the US has.
"A study published by the Lancet in April, which looked at COVID-related mortality in 74 countries and territories over 2020-2021, estimated there were 17,900 excess deaths in China over the period, compared to an official death toll of 4,820.
Globally, the study estimated 18.2 million excess deaths in 2021-2022, compared with reported COVID deaths of 5.94 million."
With basic math, that means China reported 27% of expected deaths, which compares to the global average of 33%. That’s… Within a margin of error, isn’t it?
Plus, heads rolled for the mismanagement at the start of COVID. The national government stepped in and fucked up provincial and regional leaders… Unfortunately for you, China doesn’t exactly get a glut of global pandemics that it can use to figure out how to stop corruption when reporting crisis numbers… Fortunately for me, they do have to report economics numbers quarterly, and the national government is pretty anal about not letting provinces misreport that nowadays.
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“Inflation seems really bad”
“But TVs are cheap now right”
“Yeah, but–”
“And every household needs, like, at least four TVs right? And people probably buy roughly 3 new TVs a year, right?”
“But what about food and housing and–”
“Bro they are saving so much on TVs it makes up for it! Call it 2% for the year, done”
“I have to work 3 jobs to make rent and health insurance”
“But look at the numbers! We’re almost at full employment! Isn’t that great?”
Corruption has led the Chinese government to institute so many checks and balances on their reporting system. They don’t have the massaging flexibility that the US has.
Not really. Remember the covid numbers? They only checked and balanced that it’s zero everywhere.
"A study published by the Lancet in April, which looked at COVID-related mortality in 74 countries and territories over 2020-2021, estimated there were 17,900 excess deaths in China over the period, compared to an official death toll of 4,820.
Globally, the study estimated 18.2 million excess deaths in 2021-2022, compared with reported COVID deaths of 5.94 million."
With basic math, that means China reported 27% of expected deaths, which compares to the global average of 33%. That’s… Within a margin of error, isn’t it?
Plus, heads rolled for the mismanagement at the start of COVID. The national government stepped in and fucked up provincial and regional leaders… Unfortunately for you, China doesn’t exactly get a glut of global pandemics that it can use to figure out how to stop corruption when reporting crisis numbers… Fortunately for me, they do have to report economics numbers quarterly, and the national government is pretty anal about not letting provinces misreport that nowadays.
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