Monday, May 25, 2009

News: China Claims This Time its Economic Numbers are Real

It's sort of funny and also quite sad that this makes it into "news". Basically China is saying this time its economic numbers are right (WSJ). There are a number of people who have suggested that that the growth numbers don't appear to be real given that aggregate electrical usage is down year to year (after all, if your economy, all things being equal, energy usage should rise).

Of course it would seem that in order to believe China's numbers, beyond their claims that this is so obviously true, it seems that either China's energy usage has gotten that much more efficient overall or that they have switched from electricity to some other form of energy.

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