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An investor gestures at a private securities company in Shanghai, China, Monday, July 29, 2013.
An investor gestures at a private securities company in Shanghai, China, Monday, July 29, 2013.
(AP)

FINANCIAL TIMES

China shines a light on shady numbers

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Two stories, one common theme: suspicion of Chinese figures. Beijing has begun an urgent national audit to determine the government’s true debt levels. And in Hong Kong, regulators are trying to wind up China Metal Recycling, the target of a short-seller who queried its reported figures. Neither event will surprise China-watchers.