Data Fraud At Chinese Province Suggests Local GDP Numbers As Much As 20% “Overcooked”

FacebookTwitterGoogleVkontakteRedditEmail this page
Whatsapp

zerohedge.com / by Tyler Durden / Feb 24, 2017 4:00 PM

One month ago, in delightful, if anticipated, confirmation that much if not all of China’s data has been cooked and fabricated as so many skeptics suspected, we reported that according to the People’s Daily, the rust-belt province of Liaoning had admitted to fabricating fiscal numbers from 2011 to 2014. The fabricated economic data was meant to show a state of economic strength with fiscal revenues inflated by at least 20%, and some other economic data were also false, the paper said, without specifying categories.In short, the fabrication opened a hornet’s nest: if one Chinese was doing it, then why not all, and by how much was the real data off?

But why manipulate the numbers to paint a rosier picture? For obvious reasons: the data were made up “because officials wanted to

Read more ... source: TheBitcoinNews

Let's block ads! (Why?)

Powered by Bitcoin Central