Big Data Means Better Data for China

A proliferation of privately sourced statistics is changing our picture of the economy.

So many numbers, which to believe?

Source: AFP/Getty Images

Most of the accolades recently bestowed on Nobel-winning economist Angus Deaton have focused on his work in India. And it's true that by pioneering ways to improve the quality and precision of economic data, Deaton revolutionized our understanding of South Asia's grinding poverty and how to reduce it. Yet Deaton's work may have even greater relevance to China.

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