Few would dispute China’s importance to the world economy today; from small villages to large cities, its presence is now felt almost everywhere. The Economist recently went so far as to call China “the indispensable economy,” reporting that more and more multinational companies are realizing an increased share of their revenues from inside Chinese borders.
There was a time when talking about fabricated Chinese data was relegated to the darker corners of polite society, along the lines of saying that the Fed was manipulating stocks or that the BLS was fudging employment data upward: everyone knew it was happening, but nobody dared to say it in public - after all suggesting such things happened discredited the entire status quo system built on a pyramid of lies (and if China does it, the US and everyone else likely does it too) and exposed one to being labeled a conspiracy theorist. That is no longer the case.
ETF Database submits: Ever since the days of Mao Zedong and Chiang Kai-shek in the late 40’s and early 50’s, mainland China has had a strained relationship with Taiwan. In recent years, however, the economic ties between the regions have improved considerably. The recent economic crisis, as well as efforts from Taiwan President Ma Ying-jeou, have pushed the two historic rivals closer together. In fact, one could argue that in the past two years more has been done to bring the two together than in the previous 20.