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Does China Lie About Its Economic Statistics?

Get your free subscription to Morning Brew at https://morningbrewdaily.com/economic... Over the past 30 years China has experienced perhaps the most impressive economic growth of any country in history. But these impressive growth numbers all come from official government statistics bureaus. How much can we trust the official statistics? 0:00 - 2:22 Intro 2:23 - 3:09 Morning Brew 3:10 - 6:12 Precision versus accuracy 6:13 - 7:14 China's data collection problems 7:15 - 8:40 Measurement difficulty 8:41 - 10:49 Cooking the books 10:50 - 12:35 Alternative data 12:36 - 16:15 Limitations of alternative data 16:16 Economics explained national leaderboard ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel:    / @statistaofficial   Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Check out our second channel Economics Explained Essentials →    / @economicsexplainedessentia551   ✉️ Business Enquiries → [email protected] 🎧 Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Follow EE on social media: Twitter 🐦 →   / economicsex   Facebook →   / economicsex   Instagram →   / economicsexplained   TikTok →   / economicsexplained   #Economics #Explained #EconomicsExplained #china ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉   / economicsexplained   The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas