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Satellites and shoe leather help investors get the story behind China’s dubious data

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TOKYO/SYDNEY/NEW YORK (Reuters) — When TAL Education Group, a mid-sized tutoring services firm in China, reported a three-fold increase in its 2018 third-quarter net income earlier this year, few people made much of it.

Rather, investors fretted over a weak performance in China from Apple Inc — a classic yardstick for measuring demand and the health of the world’s second-largest economy.

For Brendan Ahern, the New York-based chief investment officer at Krane Funds Advisors, TAL’s results........

© The Japan News