Talk:Industrial and Commercial Bank of China

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[edit] Adding Abbreviations and correcting spelling...

Changed instances of "Renminbi" to "Chinese RMB" and otherwise corrected a few spelling errors I've seen.

[edit] Non-performing Loans

The statistic from China are highly not trustworthy, and the office of statistic is not independent... he follows the order of the government, who often has manipulated the figure (for example they just increase the total GDP by around 20%, and a few years ago they publish the the figure of the last year growth the first January... which is technically impossible, and their is officially only less than 30 millions poor... against a few hundred millions according to international statistics).

You misunderstand. It is true that GDP estimate measuring model in China is not accurate, often over-estimating at the trough, but under-estimating at the crest. In December 2005, the Chinese statistics bureau decided to increase its estimate of GDP upwards by 20% not because they were told by the government to do so but rather because they had just conducted a thorough 1-year economic census in order to make its data more accurate. They found that they had been underestimating the importance of the service sector and thus revised it upwards 20%. This is not the first time a country had done such upward revision. Just a few weeks ago, for example, Greece had just revised its GDP estimate upwards by some 50%. As for the number of poors in China, official Chinese statistics suggest only 30 million or so Chinese lived under "abject poverty". While international organizations such as the United Nations, World Bank, or others often claimed 150 million or so Chinese lived in "abject poverty". The discrepancy in the numbers lie on the different criteria used in each calculation. The UN or the international standard definition of "abject poverty" is taken to be US$1 per day. The Chinese govt however defines it as RMB 5 (US$0.65) per day. As for the speed to which certain statistics are announced in China (average 2-3 weeks) compared to other developed countries (average 4 weeks), well, I can only say that that's curiously fast but not a really strong argument for doubt. I cannot remember your example where you said that the Chinese govt announced its GDP growth for the last year on the first January. The Chinese govt usually publishes its estimate on the 1st January based on November projections but the real data does not come until about 2-3 weeks later. Heilme 03:09, 30 October 2006 (UTC)

No need to enter to the details, it is not the subject but I propose to say: "according to the Chinese statistic, the non performing loan are 27% (due to the opacity of the banks and statistics, this figure may be underestimated) " something like that. Froggy helps ;-) 07:06, 29 October 2006 (UTC)

"and cash injections of US$15 billion in order to cover 15% of this figure." This is a little ambiguous. So did the bad debt percent go from 27% to 12%? or did it go from 27% to 22.95%? The article says the latter, but I feel like the author intended the former. Clarification maybe? if the former was meant, I suggest "bringing the bad loan percentage down to 12%" as absolutely unambiguous. 69.59.108.79 18:25, 29 October 2006 (UTC)

disambiguated. Check new version. --Heilme 04:08, 30 October 2006 (UTC)

[edit] Stats

ICBC already published its 2006 (July 16, 2006) stats here: ^[1] Can someone incorporate it into the statistics box on the front page? Thanks. Jsw663 16:18, 19 December 2006 (UTC)