Closer Look: How Officials' Obsession with Statistics Drives Number Fudging
The falsification of statistics is not surprising news in China. In the most recent case of number fudging, statistics officials in Henglan County, Guangdong Province, vastly overstated local gross industrial output to an extent that was unusual even in a country where economic data is routinely massaged.
The National Bureau of Statistics (NBS) said on June 14 that statistics officials in Henglan inflated the industrial output of 71 companies to 8.5 billion yuan from the actual 2.2 billion yuan. They were also accused of falsifying business data without the companies' knowledge.
- Privilege Gap
- In Wednesday's Papers: Shenzhen Police Raid Offices of Video Streaming Firm, Gov'ts Made 4.2 Tln Yuan on Land Sales in 2013
- Does U.S. electric car maker Tesla Motors have a bright future in China?
- Budget Law Revision Proposes Letting Local Gov'ts Issue Bonds
- Recharging Network Is Priority over Production in China, Tesla CEO says
- Fight against Corruption Complements Reform Drive
- Detective Work by Group in 'Black Jail' Claim Leads to Trial
- In Tuesday's Papers: Central Bank Cuts Deposit Reserve Ratio for Rural Lenders, Everbright Group's Executive Becomes CIC Vice President
- Closer Look: How Chinese Consumers Helped Gold Prices to Slump
- Properly Secured
- Sign up to receive our free daily newsletter
- The Long Goodbye
- Officials in Shanxi Scramble to Sort out Steelmaker's Debt Mess
- Shiller: What We Can Learn from Past Crises
- How Telecom Graft in China Tripped Up Telstra
- Jack Ma's 6.5 Bln Yuan Bachelor Party
- Stephen Roach: China, U.S. Headed in Opposite Directions
- The Search for the Chinese Workers Who Helped Build America
- Graft Inquiry at CNPC Uncovers Shady Deal Involving Productive Oil Block
- CNPC Pushes ahead with Controversial Sichuan Refinery Project
- P2P Lenders Heading into Dangerous Waters, Critics Say