World & BusinessData-quality concerns over China's revised balance-of-payments methodology
A post says a Federal Reserve note makes a compelling case that China's new balance-of-payments methodology reduced data quality and consistency, especially for the headline current account.
TLDR
Sharing the Federal Reserve note "Revisiting China's Current Account: Evidence from Recent Revisions," a commenter endorses its case that China's new balance-of-payments methodology reduced the quality and consistency of the country's data. The post singles out the headline current account and urges the IMF's statistics department to take note.
Data-quality concerns over China's revised balance-of-payments methodology
A post says a Federal Reserve note makes a compelling case that China's new balance-of-payments methodology reduced data quality and consistency, especially for the headline current account.
TLDR
Sharing the Federal Reserve note "Revisiting China's Current Account: Evidence from Recent Revisions," a commenter endorses its case that China's new balance-of-payments methodology reduced the quality and consistency of the country's data. The post singles out the headline current account and urges the IMF's statistics department to take note.