One of our current priorities is to work with the National Statistical Agency to see how we can complement official statistics instruments on socio-economic monitoring. China watchers are not collaborating with the NSO. They are trying to second guess it. I was wondering though, wouldn’t we be happy if we got these kinds of correlations?
“Big data provide an increasingly comprehensive and timely lens” on the world’s second-largest economy, the analysts wrote, adding a caveat that such indicators should be interpreted with caution. “In most cases the historical series are short, which makes it harder to distinguish seasonal noise from cyclical signal. In some cases, the series say as much about structural shifts in the economy as they do about the cycle — for example, the shift to online shopping.”