China revelation from WikiLeaks too sensitive for banks
Investment bank economists turn tail and run when asked by AsianInvestor to comment on how Li Keqiang analyses the Chinese economy.
Last week, the WikiLeaks disclosure of US diplomatic cables included an admission by the current vice-premier of China, Li Keqiang, that Chinese GDP figures are “man-made”.
Li made the comments three years ago to the American ambassador when he was head of the Communist Party of Liaoning province. Today as vice-premier he is tipped to succeed Wen Jiabao in 2012 as the nation’s premier.
He told then-ambassador Clark Randt that he focuses on three data points to gauge growth: electricit…
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