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Chinese Economic Data Comes Out Just As Leaked

Tyler Durden's picture




 

As we disclosed, the following core Chinese March data was leaked earlier:

RTRS-CPI 5.3-5.4%            (BBERG est is 5.2%)                 
RTRS-PPI 7.4%                   (BBERG est is 7.2%) 
                      
RTRS-IP  14.8%                     (BBERG est is 14%)           
RTRS-RETAIL SALES +17.4%  (BBERG est is 16.5%)
RTRS-FIXED ASSET +25%      (BBERG est is 24.8%)               

And here is the final:

  • CPI: 5.4%
  • PPI 7.3%
  • IP 14.8%
  • RETAIL SALES +17.4%

And GDP comes in at a blistering 9.7%

The communists even leak data better than America. They also have a big inflation problem. Per the AP: "Food costs rose 11 percent in the first three months of the year over a year ago"

Obviously, none of this data relevant or even remotely representative of China's
reality: these days the only job a government has, is to lie to its peasantry.

 

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Thu, 04/14/2011 - 22:12 | 1171106 Bleeping Fed
Bleeping Fed's picture

And the Chinese mind games continue...

Thu, 04/14/2011 - 22:26 | 1171154 66Sexy
66Sexy's picture

meaningless numbers really. they can pull 'em from their ass just like the US corporations and government can.

Thu, 04/14/2011 - 22:40 | 1171200 Oh regional Indian
Oh regional Indian's picture

66, they are meaning-lesser and de-meaning to boot.

if everyone started thinking of them as I do, as NUMBers, typing it out that way too, NUMBers (yes it takes a mind-set shift and is a pain to do, but that is th epoint), pretty son you begin to see them as such. NUMBers.

Meaning-less (than ever) NUMBers.

Let's get real.

ORI

http://aadivaahan.wordpress.com/2011/04/11/wisdom-for-warriors-8/

Thu, 04/14/2011 - 22:10 | 1171107 Worker Bee
Worker Bee's picture

Green sharts for eva!!

Thu, 04/14/2011 - 22:10 | 1171108 strenue
strenue's picture

Looks like the inflation we're exporting is blowing up mattresses in China.

Thu, 04/14/2011 - 22:15 | 1171121 slow_roast
slow_roast's picture

Good thing there are empty apartments to eat now.

Thu, 04/14/2011 - 22:15 | 1171128 bob_dabolina
bob_dabolina's picture

The only leak more reliable is reactor number 1,2,3,4,5,6

Hoorah

Thu, 04/14/2011 - 22:15 | 1171129 breezer1
breezer1's picture

never met a chinaman i didn't like. never met a bric that coudn't be bought.

Thu, 04/14/2011 - 22:30 | 1171172 AldousHuxley
AldousHuxley's picture

In China, you can purchase bootleg DVDs cheaper than what it costs for a blank DVD in America

 

Thu, 04/14/2011 - 23:02 | 1171260 Id fight Gandhi
Id fight Gandhi's picture

They care nothing of intellectual property which amazes me companies build anything there. Knock offs are side businesses for their works.

I won't pay a premium for anything china made. People are suckers paying extra for uggs and coach.

Thu, 04/14/2011 - 22:21 | 1171145 TruthInSunshine
TruthInSunshine's picture

Less dumpling, more broth. And now you have to ask for plastic rice and napkins.

Thu, 04/14/2011 - 22:28 | 1171164 AldousHuxley
AldousHuxley's picture

In America, people watch Chinese eat dumpling and broth on TV and call it all good.

Thu, 04/14/2011 - 22:25 | 1171161 francis_sawyer
francis_sawyer's picture

YES THEY (kick the) CAN (down the road)!...

(Francis Sawyer's feeble attempt at a reverse engineering project)...

 

Thu, 04/14/2011 - 22:29 | 1171169 Seasmoke
Seasmoke's picture

retail sales are booming, even the chineese are buying made in china crap

Thu, 04/14/2011 - 22:32 | 1171176 AldousHuxley
AldousHuxley's picture

No it is even worse. Chinese are buying GM crap cars.

http://www.ohio.com/business/114533434.html

Thu, 04/14/2011 - 23:04 | 1171266 Id fight Gandhi
Id fight Gandhi's picture

The irony isn't lost. I hear they have a penchant for buicks

Fri, 04/15/2011 - 01:14 | 1171492 AldousHuxley
AldousHuxley's picture

Yes, Chinese fully buy into the marketing that only rich celebrities like Tiger Woods drive Buicks in America. I mean only the wealthy can afford a car that so big and gets 10 mpg.

Also, something against Japanese cars given that Japanese had brutually occupied china only 60 years ago.

That may explain why the high end electronics are all Korean made.

Fri, 04/15/2011 - 07:00 | 1171686 reader2010
reader2010's picture

The Japs are still fucking them in their hearts and minds.

Fri, 04/15/2011 - 07:14 | 1171702 Crisismode
Crisismode's picture

And bodies.

Wait until that radioactive cloud wafts over Beijing.

Thu, 04/14/2011 - 22:30 | 1171173 Worker Bee
Worker Bee's picture

It appears they have that pesky time travel on TV situation fixed too...

http://business.blogs.cnn.com/2011/04/14/china-bans-time-travel-for-television/

Also whoever junked me above...choke on a cock.

Thu, 04/14/2011 - 22:37 | 1171189 Long-John-Silver
Long-John-Silver's picture

Audit the entire continental USA for possible farm land use. Move people out of homes sitting on usable farm land and into empty foreclosed homes. Maximize available farm land in the USA. Form a food cartel which will determine food prices for export. If your country has oil we will trade food for it. If you don't like out prices we will embargo food for your country. In other words---Starve OPEC and Chinese Bitchez!

Fri, 04/15/2011 - 03:54 | 1171610 crazyjsmith
crazyjsmith's picture

Brilliant, effing brilliant! Damn fresh idea, we need these types of ideas and just do it, Hoover Dam style!

Fri, 04/15/2011 - 06:54 | 1171676 Hexus
Hexus's picture

Why not just put an import tariff on chinese goods? Like the US used to do before globalisation. It'd be much simpler.

Fri, 04/15/2011 - 08:32 | 1171828 Urban Redneck
Urban Redneck's picture

the big boys barter too

Thu, 04/14/2011 - 22:36 | 1171190 PulauHantu29
PulauHantu29's picture

Some news channel was interviewing Chinese in Shanghai and they came across a real estate agent who said apartments in Shanghai are still soaring at a rate of increase of 8% PER MONTH!

BOOOYAAH!

When the China House Bubble pops, we will feel it blow over our country just as that Fukushima radiation is blowing over us now.

Thu, 04/14/2011 - 23:04 | 1171265 lsbumblebee
lsbumblebee's picture

"The communists even leak data better than America." 

Chairman Ben Mao's lip quivered when you said that.

Thu, 04/14/2011 - 23:08 | 1171276 penisouraus erecti
penisouraus erecti's picture

"these days the only job a government has, is to lie to its peasantry."

And they do it 24x7

Thu, 04/14/2011 - 23:14 | 1171296 Jim in MN
Jim in MN's picture

Meanwhile over the pond in Nippon...all schools in Fukushima Prefecture ban outdoor activities

http://www.yomiuri.co.jp/dy/national/T110414005800.htm

Schools keep kids indoors / Outdoor activities in Fukushima Pref. stopped over radiation

Worried about radiation, schools in Fukushima Prefecture have stopped holding physical education classes in their school yards regardless of schools' distance from the crippled nuclear power plant in the prefecture.

According to experts, radioactive substances detected in the school yards of 19 primary schools have not "reached a level to affect people's health."

Despite this assurance, the central government's failure to provide any guidelines on students' outdoor activities has left schools wondering what to do.

During soil inspection in school yards, inspectors took five-centimeter-deep samples to check the levels of radioactive iodine and cesium.

The school yard of Yamakiya Primary School in Kawamatamachi recorded the highest level: 59,059 becquerels per kilogram of soil for both isotopes. The school began holding its physical education class indoors after the new academic year started on April 6 and such events as excursions and hiking will be suspended.

"We decided [to conduct physical exercise classes indoors and suspend outdoor events] to protect our children," the school principal said.

An Iwaki primary school is also holding physical education classes indoors although the total amount of radioactive iodine and cesium detected in the schoolyard was only 1,814 becquerels per kilogram of soil.

"Protecting the health of children is of paramount importance," the school's vice principal said.

The prefecture-run Fukushima High School, about 60 kilometers from the nuclear power plant, decided not to hold physical education classes outdoors for the time being. "Our students are affected most by this," the school's vice principal said.

In Aizuwakamatsu, which is farther from the nuclear plant than Iwaki and Fukushima, the city's board of education has called on primary and middle school students to wear masks outside.

During soil inspection in the prefecture's rice fields, 28,957 becquerels of radioactive cesium per kilogram in Namiemachi was the highest level detected among locations inspected.

The reason why the level of radioactive materials was higher in the soil of school yards was because soil samples taken from the paddy went to a depth of 15 centimeters, compared to the five centimeters for school yard soil.

The Education, Culture, Sports, Science and Technology Ministry has said it will come up with guidelines on radioactive materials for school outdoor activities with the help of the Cabinet Office's Nuclear Safety Commission. But it did not say when such a decision would be made.

A Fukushima prefectural official in charge of school life and students' health said, "We've received inquiries from schools, but it's difficult to tell them what to do."

Hiroshi Ikeda, radiation treatment section chief at Sakai Municipal Hospital in Osaka Prefecture, said, "It's all right to touch [school yard soil] even if a low level [of radioactive materials] is present. There is no reason why children should not stay outside as they did before."

(

Apr. 15, 2011

)

Fri, 04/15/2011 - 09:45 | 1172114 tiger7905
tiger7905's picture

Arnie interviewed on RT, see's reactor #4 fuel pool as greatest danger.

http://goldandsilverlinings.com/?p=653

Thu, 04/14/2011 - 23:41 | 1171351 Mark Noonan
Mark Noonan's picture

Been carrying out a one-man boycott of Chinese goods for a couple years now - a difficult task, to be sure.  But, also, is it just me or are Chinese goods becoming more and more crap lately.  The Mrs went out and bought a "Black and Decker" iron to replace the one she had for 20 years...I wasn't there so China got bought; but its a plastic, badly assembled piece of garbage...a few months old adn it already shows signs of being on its last legs.  I think they are just churning it out without even caring about quality..and probably selling it at a loss...anything to just keep cash flowing.

The Chinese crash will be spectacular.

Fri, 04/15/2011 - 00:00 | 1171375 chump666
chump666's picture

...it's going to be amazing sight.  All the power to Hendry and Chanos.

I mean they (china gov) have already taken out their middle class, no one can afford units over there and the poor are lining up to buy in - wipe-out

Fri, 04/15/2011 - 00:42 | 1171443 AldousHuxley
AldousHuxley's picture

How about just boycott consumerism?

Everytime you see people who show off things, just laugh at them that they just got that much poorer buying depreciating junk. Makes you feel better than actually buying those things yourself.

 

Fri, 04/15/2011 - 07:25 | 1171719 Crisismode
Crisismode's picture

+42

Thu, 04/14/2011 - 23:49 | 1171360 reader2010
reader2010's picture

Everything coming out of China is a hazard, including pussy.

Thu, 04/14/2011 - 23:58 | 1171373 chump666
chump666's picture

China's meltdown 3-6mth locked in, China's president Hu Jintao is about to send China's middle class to the poor bin.

Inflation beatdown.

Fri, 04/15/2011 - 01:38 | 1171518 jonjon831983
jonjon831983's picture

 

OOpsies, heads are gonna roll :O

 

China’s Statistics Bureau Condemns Leaks of Economic Data

 

http://noir.bloomberg.com/apps/news?pid=20601087&sid=amingbkcaxMY&pos=3

 

Fri, 04/15/2011 - 05:01 | 1171633 Bubbles the cat (not verified)
Bubbles the cat's picture

Just part of the game. Some guy sellin' donuts will have his licence revoked or maybe a body part removed (or both).

Fri, 04/15/2011 - 01:59 | 1171541 cowpieflapjack
cowpieflapjack's picture

Hmmm. Numbers, the ultimate pair of Chinese handcuffs.

Fri, 04/15/2011 - 02:41 | 1171568 ebworthen
ebworthen's picture

 

Dim Sums, Kung Pao Kitten, and some High (crime) Mein.

Managing perceptions.

Not much different from "Ba$ebawl, Hot Dawgs, Appl Pi, and Shoverolet".

 

Fri, 04/15/2011 - 02:57 | 1171587 g3h
g3h's picture

Hard landing is virtually assued.  It will take the world down.

Fri, 04/15/2011 - 05:11 | 1171636 magpie
magpie's picture

When China sneezes, the world catches bird flu.

Fri, 04/15/2011 - 04:01 | 1171613 Itsalie
Itsalie's picture

Total bunk these numbers may be, but the communist politburo is signalling, like that snooty eurocrat Trichet's farcical "strong vigilance, that inflation is almost under control as the rate of change is slowing, hence tightening is almost done, banks would soon be allowed to print (probably already restarted last 3 weeks given the shanghai index and gold/silver action.

Fri, 04/15/2011 - 06:58 | 1171684 apberusdisvet
apberusdisvet's picture

And they said $10,000/oz was delusional.  That's the low end folks.  Inflation/deflation, it won't make a difference; it all relates to the only historically tested store of wealth in tough times, and the times are going to be really tough.

Fri, 04/15/2011 - 09:19 | 1172012 John Law Lives
John Law Lives's picture

Be careful, Tyler.  They are angry o'plenty in Middle Kingdom.

 

"China Vows to Punish Those Responsible for Leaking Economy, Inflation Data"

http://www.bloomberg.com/news/2011-04-15/china-vows-to-punish-those-resp...

 

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