日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / View

Economic shift shows in lack of data

By ED Zhang (China Daily) Updated: 2015-09-14 09:27

People always complain about China's lack of transparency in economic information. But there are two types of opaqueness in a time of transition.

One type is that the government is hiding the true picture on purpose, mainly to save face and to not scare investors away from the market, but more often than not, doing that does not help. Investors can draw their own versions of the big picture and there can't be misled.

Is this what the Chinese government has been doing? From all major economic data that the National Bureau of Statistics has recently released, such as the monthly records in foreign trade and industrial output, one can obviously tell that things are bad. What officials call downward pressure is obviously hanging on, and may be getting worse in one way or another.

The other type of opaqueness is not deliberate. It is derived from a society-wide economic transition-especially when the transition no longer remains just on the government's policy paper but is also being implemented.

At the beginning of a transition, some old industries inevitably give way to budding new industries. All existing indexes look ugly, and continuously so, because they are focused on the old industrial activities, such as the use of electricity, railway throughput, the assessment of near-term sales by factory managers, and the import and export of goods.

Accompanying that, there would be mounting complaints from managers of the businesses that used to be the economy's powerhouses, moneymakers and job providers.

This is a sweeping phenomenon in China's manufacturing sector and its related retail and services.

At the same time, one may wonder, since this is not a society that really suffers from a lack of money, where all the money has gone if it is not used to invest in the old industries or to buy old industries' products. It must have some place to go.

Investing overseas is always a risky business, be it the United States stock markets or European real estate or an African farm. People are usually good at investing in their home countries. But the tricky thing is that in a time of transition, the really good opportunities often occur in the parts of the economy that don't usually have a ready index.

Not having a ready index, I have to hasten to say, does not mean there is no index or basic data for mathematical abstraction. The problem is more often that, in those areas, the useful data are not usually collected and processed into reliable information for the mass-market investors.

For example, we know how many smartphones are sold every month. In a year, there are more than 400 million new smartphones sold in China. This is old-industry data and easy to collect. But with so many smartphones, what do people do? How many hours does each user, especially each working adult, spend on it? What are the most popular applications by nation, or city, or certain class of people on an everyday basis? Answers to these questions are highly important for people to ascertain an economy's transition. But up to now, we just don't know.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 999久久久久久久久6666 | 中午字幕在线观看 | 精品一区精品二区 | 超碰成人网 | 欧美韩日国产 | 亚洲第一页综合 | 91精品中文字幕 | 日韩在线第一 | 精品国产一区二区在线 | 单身男女免费观看国语高清 | 超碰人人av | 色呦呦中文字幕 | 视频一区二区国产 | 中文字幕免费看 | 爱爱视频在线看 | 色中色av| 午夜在线视频观看 | 日本道中文字幕 | 一区二区三区在线观看视频 | a级在线免费观看 | 成人短视频在线播放 | 国产精品性 | 国产精品xxxx| www.一区二区三区 | 欧美在线色| 性插动态| 在线观看国产一区二区三区 | 欧洲在线视频 | 中文字幕一区二区三 | 亚洲免费在线观看视频 | 你懂的在线免费观看 | 中文字幕六区 | 男人超碰 | 波多野结衣日韩 | 在线观看国产欧美 | 男女全黄做爰文章 | 日韩中文字幕久久 | 国产精品成人网 | 欧美专区一区 | 国产在线a视频 | 欧美成人综合色 |