Japan's Prime Minister Admits GDP Data "Flooding": Exaggerating Construction Orders Data for Years

2021-12-16 10:51:20

On December 15, Japanese Prime Minister Fumio Kishida admitted that the government had exaggerated the data of construction orders. The number of related orders is accounted for in Japan's gross domestic product, which experts say may cause the economic growth data to be inflated.

On December 15, Japanese Prime Minister Fumio Kishida admitted that the government had exaggerated the construction orders data. The number of related orders is accounted for in Japan's gross domestic product, which experts say may cause the economic growth data to be inflated. Earlier, Japanese media reported that if about 12,000 construction companies in the country did not report the number of orders every month, the Ministry of Land, Infrastructure and Transport would fill in the figures on its own to avoid "zero orders".

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Correlation

Japan's Prime Minister Admits GDP Data "Flooding": Exaggerating Construction Orders Data for Years

2021-12-16 10:51:20

CEMPI

95.32

+0.01 +0.01%

CONCPI

89.44

0.00 0.00%

CLKPI

97.71

0.00 0.00%

SPPI

44.78

-0.13 -0.29%

MORPI

73.32

0.00 0.00%

Hebei Building Material Industry Association Attends Shandong Cement Association for Discussion

On June 4, the delegation of Hebei Building Materials Industry Association went to Shandong Cement Industry Association to hold a symposium. The two sides conducted in-depth exchanges and practical discussions on common issues such as the current operation characteristics of the building materials industry, changes in the market environment and industrial transformation and upgrading. This visit is a concrete practice of Hebei Association to actively innovate its working methods and serve the healthy development of the industry, aiming at learning from the advanced experience of other provinces and jointly exploring a new path for the high-quality development of the cement industry.