Chinese statistics have long raised people's question. Peking University HSBC school of business, a study found that between 2000 and 2011, by means of the official prices, China's actual CPI data should be 1% higher than the official figures, which makes the 4 inch SCH40 Seamless steel pipe country's real GDP decreased by 8% - 12% than the official data, the size is about 1 trillion dollars.
Some economists have questioned China's economic data, but an associate professor of Peking University HSBC school of business, Christopher Balding recent research carried out a quantitative statistics of the black carbon steel butt welded concentric reducer country's deviation.Balding, said: "there is reliable evidence to the surface, China's real GDP growth and real GDP scale may eventually be significantly overvalued."
Based on the research of the data from 2000 to 2011, Balding found inflation data manipulation, it distorts the GDP and disposable income.Balding, said: "if inflation data is not accurate, or by deliberate carbon steel threaded connections tee manipulation, will also affect many aspects of economic and financial, but with the passage of time, this will lead to great deviation."
In this report, Balding pay special attention to the housing data, which is one of the biggest weight project statistics of the CPI. China's booming economy lead to people migrating from the countryside to expanding cities, resulting in developed areas as rising house prices "rocket". However, China's official statistics show that rural housing prices rise is higher than the city.
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