CLSA, a Hong Kong broker, points out that China's statistics are notoriously dodgy, and that the investment data are among the least reliable.
Beneath the glowing statistics, China's leap to prosperity has left millions of its citizens behind.
"There are signs of overheating in select regions and areas, " said Li Deshui, director of China's National Statistics Bureau.
China's official statistics show private consumption growing less quickly than the economy as a whole from 2001 to 2010.
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Another auto executive in China shared with me statistics demonstrating why the tax breaks went to cars with engines of 1.6 liters or less.
Increasingly, according to trade statistics, China is also not a primitive giant, producing labor-intensive goods that Americans should no longer even want to make.
Sheng Laiyun, the spokesman of National Bureau of Statistics of China, said yesterday a staff worker at the bureau office was under investigation for disclosing government information.
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That research also found that Chinese labor accounted for only a few dollars of the iPod's value, even though trade statistics credited China with producing its full value.
There are no official statistics on China's unit labour costs.
The National Bureau of Statistics in China reported on Nov. 4 that the average price of everything from rice to soybeans is either unchanged from the previous month, or lower.
While the macroeconomic statistics suggest China has been relatively insulated from the global financial crisis by massive government spending and new loans from the state-owned banks, on the ground the picture is more mixed.
Statistics from China's central bank show China had around 207 million credit cards in issue at the end of June, up 10% from the end of last year and more than quadruple the level at the end of 2006.
Comparative wine production statistics for China are a bit problematic because much of the wine produced is not pure grape wine but may be mixed-fruit wine, and the rules on what can be labeled Chinese wine are quite, er, flexible.
Statistics from the China Iron and Steel Association showed that the biggest steel firms there have returned to profitability, but oversupply and a string of unprofitable months have made it a tough year for the industry.
Average wages in China's manufacturing sector rose 18.9% last year, according to China's National Bureau of Statistics.
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In January, China's National Bureau of Statistics released an official Gini coefficient reading for the first time in ten years.
For the first time in years, the National Bureau of Statistics last month disclosed China's Gini coefficient a key measure of inequality named after an Italian statistician.
On the other side of the world, China's National Bureau of Statistics recently announced that the share of population aged between 15 and 60 years old declined for the first time in 2012.
Property transactions by floor space in some major cities, such as Beijing, Shenzhen, Hangzhou, Nanjing and Chongqing rose in May from a year earlier, according to statistics from data provider China Real Estate Information Corp.
Over the weekend, the National Bureau of Statistics (NBS) in China said that inflation there hit a 10-month high.
However, no precise statistics can be given for China, where numbers are secret, but where the group says it believes thousands were executed - more than the rest of the world put together.
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For example, KPMG now tracks statistics for 153 banks in China, which is up from 21 in 2006, but a far cry from the 7, 622 banks that operate in the United States.
China's Shanghai Composite slipped 0.1%, to a six-week low, after the country's National Bureau of Statistics indicated net income from China's largest industrial groups dropped 5.2% in the first two months of the year.
While China is making this transition, economic statistics coming out of the country may be weaker than the world has been accustomed to, but if the reforms are successful, China will experience a new round of growth that will be more sustainable because of its diversity.
As always, analysis of China's economy is clouded by dreadful statistics.
This year 34 private entrepreneurs have been chosen as delegates to the Congress, up from just 17 at the 17th Party Congress in 2007, according to statistics revealed by state-run China Economic Weekly.
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Latest statistics from IT research company Canalys show that China has overtaken the US in smartphones sales.
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