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Thursday, September 5, 2013

China Admits to Inflating Figures

From the Times of India:
Chinese authorities are finally admitting what international experts have for long suspected about data doctoring by officials keen to show higher growth trajectory. The National Bureau of Statistics, which has launched a nationwide review of economic statistics, has released the first case of data fraud in China's Yunnan province. 
National accountants have found that managers of 28 companies and officials of a county more than doubled the figures of industrial output and overall development to come up with an impressive set of statistics. Officials of the county, Luliang, actually forced local companies to artificially inflate industrial output numbers.

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