Big Data Affirms Most of China’s Economic Stats

Information generated by big data mostly affirms the economic figures released by China’s National Bureau of Statistics, reports Bloomberg News.

Citing a new report by Bloomberg Intelligence economists Tom Orlik and Justin Jimenez, Bloomberg reports that the new gauges affirm that “manufacturing is weak, real estate is better, auto sales and online consumption are robust, but malls and tourism are suffering and employment is slipping as old industries shed workers. 

“For industrial, property, autos and employment, they said the picture is similar to official data, while for some aspects of consumption, big data are more negative.”

Both analysts wrote that  “big data provide an increasingly comprehensive and timely lens" on the China’s economy but noted that such indicators should be interpreted with caution. 

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