August 05, 2009
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RELATED TICKERS: GE
Are China's national accounts accurate, or is it manufacturing GDP statistics in order to support the idea that it is floating above the global recession? [more]
I've invested in some Chinese stocks, thought they are smaller companies with huge exposure to the ridiculous stimlus they are pumping out over there.
That being said, yes...there is no way they are growing as fast as they say they are. They base their GDP calculations of completely different information than the US does, in such a way that they can pretty much dictate what their "GDP" will be.
I'm not long China, but I don't see any reason to exit my positions right now because their stimulus is still going strong.