Check this out:
- Economy expanded by 7.3% last year
- But the economy defies easy measurement
- Most enterprises are tiny and unregistered
- Most workers are employed off the books
- Government's infrequent surveys represent only a best guess of the value being added in back-alley workshops, outdoor markets and other cash-based corners of the economy
Nope, not China.
That's the gist of a front-page report on Asia's edition of the WSJ today (article is here on the web, may be gated)
With India catching up to China (at least in growth rate ... apparently anyway) questions on the data are only going to increase.
