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This RANE Network podcast series offers risk intelligence and analysis from industry-leading risk experts. RANE is a risk intelligence company that provides business professionals with access to critical insights, analysis, and support, enabling them to better anticipate, monitor, and respond to emerging risks and threats. In the RANE podcast series, risk management experts and thought leaders share best practices for managing business risk, geopolitical risk, physical and cyber security risks, compliance risk, and other key risks and threats that organizations face today. These podcasts empower businesses, governments, and individuals to confidently navigate an increasingly complex international environment. At RANE, we believe shared risks require shared solutions and invite you to listen in.
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Tuesday May 05, 2020
Tuesday May 05, 2020
What Data from China can be trusted and what does it really tell us?
In 2007, then-Secretary General of Liaoning Province, Li Keqiang (kuh-chung), told the United States Ambassador that China's gross domestic product (GDP) numbers were "man-made" and that they were for "reference only." Now, as China's second-in-command after General Secretary Xi Jinping, and as Xi's handpicked coordinator of China's COVID-19 response, Li is in charge of informing the world of China's coronavirus infection tally. The tally, much like China's GDP numbers, have raised questions about whether they can be trusted.
Official Chinese government numbers have been suspect for years, with China-focused economists preferring to refer to other measures, such as pollution levels, instead of relying on government GDP numbers. With the global outbreak of COVID-19 and its response reliant upon government numbers, their untrustworthiness has been cast into stark relief.
In this RANE podcast, RANE Network experts dive into how businesses can parse the government data to get an accurate view of China, what other methods they should rely on, and how they can best build in the assumption of faulty data into their China-centered businesses.
Subscribe to RANE Worldview for full insights into the U.S. - China Relationship. Find out how RANE can help you navigate the geopolitical, intelligence, compliance and other risk of COVID-19 and more business issues at https://www.ranenetwork.com/worldview-subscribe.
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