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From: Kayaker	6/23/2012 10:05:50 AM
	1 Recommendation of 206152

Chinese Data Mask Depth of Slowdown, Executives Say Gilles Sabrie for The New York Times By KEITH BRADSHER Published: June 22, 2012 HONG KONG — As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles. Record-setting mountains of excess coal have accumulated at the country’s biggest storage areas because power plants are burning less coal in the face of tumbling electricity demand. But local and provincial government officials have forced plant managers not to report to Beijing the full extent of the slowdown, power sector executives said.... ....The question is whether the actual slowdown is even worse. Skewed government data would help explain why prices for commodities like oil, coal and copper fell heavily this spring even though official Chinese statistics show a more modest deceleration in economic activity.... nytimes.com zerohedge.com

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