Global Economics How to Get Ahead in China? Look for the Leaks

摘要

On Apr. 14, Hong Kong broadcaster Phoenix Satellite Television posted on its website China's March inflation rate, industrial output, and eight other key economic indicators, citing an unidentified source. When the official numbers were released that afternoon and the following day, 9 of the 10 figures posted by Phoenix turned out to be correct. Similar leaks of Chinese economic data have frequently circulated in recent months. "More often than not, we see the stock markets move strangely before the release of statistics," says Yan Yiming, a Shanghaibased securities lawyer.