Arrested: China's head of bureau of economic statistics

This is an excellent example of what NOT to do, right along with threatening FX traders who are reportedly shorting the RMB ( http://www.businessinsider.com/china-warns-yuan-shorts-2016-... ).

I can't see how China, with an estimated 3 Trillion in reserves, is going to dictate to the 11 Trillion FX market how it should move - apart from adopting a transparent and proactive approach that acknowledges all the problems and puts forth a coherent, verifiable plan for resolving them.

At a time when we should be reading articles about asset liquidation entities (ala US Savings and Loan crisis) and middle class spending incentive programs (ala Cars for Clunkers) - we're instead reading about jailing statisticians.