GDP data are ‘too precise’

China GDP releases are starting to look like near-perfect landings each time in all kinds of weather conditions and visibility.

Yet another quarter has just gone by and already statisticians have reported that growth slowed a sliver from Beijing’s 2015 target of 7% recorded for the first half of the year.

Now it is 6.9%, slightly above the Reuters consensus forecast from 50 economists of 6.8%.