Chinese official says economic data faked between 2011-14

Image
IANS Beijing
Last Updated : Jan 19 2017 | 3:22 AM IST

The governor of the Chinese province of Liaoning has admitted local authorities manipulated economic data between 2011 and 2014, media reports said.

According to a report in the daily South China Morning Post on Wednesday, many cities and counties in Liaoning province reported widespread fraudulent economic figures, raising doubts about the reliability of Chinese statistics just two days before the country releases its 2016 GDP figures.

Analysts regularly question Chinese data, and even official media alleged inflated figures were used to project economic activity greater than the actual in Liaoning, one of the provinces whose economy began shrinking in 2015, Efe news reported.

The Communist Party chief in the province between 2009 and 2015, Wang Min, expelled from the party in October last year, is now under investigation for alleged graft.

Meanwhile Chen Qiufa, Liaoning governor since 2015, told the assembly the National Audit Office had shown tampering with fiscal revenue figures, among other indicators.

"The fake fiscal figures influenced the central government's economic judgment and accordingly led to a lowering of the size of transfer payments to the province," said Chen.

In China, government officials are promoted based on assessments that largely depend on the economic performance of their administration, which can nudge them into falsifying data.

--IANS

vgu/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 19 2017 | 3:14 AM IST

Next Story