China Warns Officials Against Falsifying Economic Data
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China's top statistical body warns officials against falsifying economic data, promising to investigate and punish those responsible for statistical fraud. The warning comes amid scepticism about the reliability of Chinese data as Beijing seeks to address concerns about a slowing economy. China's economy grew 5.2% in 2023, meeting the official target, but analysts expect growth to slow this year due to a property crisis, mounting local debt, and deflationary risks. The National Bureau of Statistics stated that fabricating economic data or interfering in statistical work by officials has persisted despite government efforts to improve data quality. The Chinese Communist Party introduced new disciplinary rules last year to address data violations. Officials who commit data fraud will be investigated and dealt with. Statistical fraud is seen as a serious violation of the statistics law and affects the quality of statistical data, hindering macro decision-making.
#China #EconomicData #Statistics #DataFraud #ChineseEconomy
https://www.asiafinancial.com/china-warns-officials-against-falsifying-economic-data
Asia Financial /
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2024-01-23 12:06:56
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2024-01-23 12:06:56Event JSON
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"content": "China Warns Officials Against Falsifying Economic Data\n==========\n\nChina's top statistical body warns officials against falsifying economic data, promising to investigate and punish those responsible for statistical fraud. The warning comes amid scepticism about the reliability of Chinese data as Beijing seeks to address concerns about a slowing economy. China's economy grew 5.2% in 2023, meeting the official target, but analysts expect growth to slow this year due to a property crisis, mounting local debt, and deflationary risks. The National Bureau of Statistics stated that fabricating economic data or interfering in statistical work by officials has persisted despite government efforts to improve data quality. The Chinese Communist Party introduced new disciplinary rules last year to address data violations. Officials who commit data fraud will be investigated and dealt with. Statistical fraud is seen as a serious violation of the statistics law and affects the quality of statistical data, hindering macro decision-making.\n\n#China #EconomicData #Statistics #DataFraud #ChineseEconomy\n\nhttps://www.asiafinancial.com/china-warns-officials-against-falsifying-economic-data",
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