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China--Recent 8.9% Growth Rate Figure Could Be (Probably) Significantly Inflated

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October 22, 2009 – Comments (3) | RELATED TICKERS: CGA

My business associates, who frequently travel to China, recently returned from there several weeks ago after traveling to about half a dozen locations throughout the country and commented that they were surprised by the number of halted construction sites. I talked to them last evening and they indicated that they were surprised by the 8.9% figure reported by the PRC. While we have long assumed that the growth figures reported by the PRC are inflated, we believe the recent growth figure is significantly inflated. Your thoughts, experiences, impressions, views, etc. on this would be greatly appreciated.

PS: They were impressed with the level of activity and new facilities at CGA. As an investor, I was rather pleased to get that news. 

3 Comments – Post Your Own

#1) On October 22, 2009 at 12:43 PM, IBDvalueinvestin (95.42) wrote:

If China's growth was inflated then companies listed below would not be growing at 50%+ growth rates but they are which leads me to believe that China's growth rate may be higher than actually stated by the Government to keep inflation down.

 

RINO, AUTC, AUTCW, BIDU, TMI,  LIWA, CGA, HRBN,  CHDX, CYOU, PWRD,

 

 

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#2) On October 22, 2009 at 12:55 PM, ozzfan1317 (< 20) wrote:

China is playing with the  numbers I dont doubt that.  I just don't see a reason to trust a communist government with the level of corruption they have with full business disclosure.

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#3) On October 26, 2009 at 12:51 AM, throwerw (99.82) wrote:

the american government is playing with the numbers too.  all i know is that I hear firecrackers 2 or 3 times a day, which is what people do when they open a new business here.

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