When a market relies heavily on data provided by the United States, the U.S. gains considerable informational dominance, and other countries naturally begin to question whether the data is accurate and impartial.
It is perfectly understandable that China takes a cautious stance on this.
After all, the United States has clear advantages in data collection, statistical methodologies, information releases, and its influence over international financial markets.
More importantly, data is not necessarily objective. Statistical methodologies can be adjusted, data can be revised, and it may even be manipulated. When a country controls the production, interpretation, and release of data, it is difficult for other participants to verify its accuracy entirely independently.
Just because they say it is a certain amount doesn’t mean it actually is. Control over data is itself a form of financial influence.
It is perfectly understandable that China takes a cautious stance on this.
After all, the United States has clear advantages in data collection, statistical methodologies, information releases, and its influence over international financial markets.
More importantly, data is not necessarily objective. Statistical methodologies can be adjusted, data can be revised, and it may even be manipulated. When a country controls the production, interpretation, and release of data, it is difficult for other participants to verify its accuracy entirely independently.
Just because they say it is a certain amount doesn’t mean it actually is. Control over data is itself a form of financial influence.