The Reliability Crisis of Economic Data in China

Since President Trump’s firing of the Bureau of Labor Statistics commissioner over a weak jobs report, we’ve been thinking a lot about the trustworthiness of U.S. economic data. Other countries like China can offer a glimpse of what happens when that trust erodes. On the show today, Marketplace’s China correspondent Jennifer Pak explains how she works around unreliable data when reporting on the Chinese economy. Plus, could the United States be headed in the same direction?

Here’s everything we talked about today:

• "12 million students in China will graduate this year into a shaky job market" from Marketplace
• "China says its unemployment rate is “stable,” but job seekers remain gloomy" from Marketplace 
• "Is GDP still a useful gauge of China’s economy?" from Marketplace
• "How Bad Is China’s Economy? The Data Needed to Answer Is Vanishing" from The Wall Street Journal  
• "How to deal with untrustworthy government economic data? Look to China" from Marketplace

• "Trump taps Heritage economist to lead BLS" from Politico

  
  

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