Asia Unhedged | China takes action to increase reliability of economic data
Chinese Premier Li Keqiang. Li presided over a meeting on Wednesday, during which the State Council announced new tax cuts to boost the economy. Photo: AFP
Chinese Premier Li Keqiang. Li presided over a meeting on Wednesday, during which the State Council announced new tax cuts to boost the economy. Photo: AFP
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China takes action to increase reliability of economic data

The new rules come after official reports earlier this year of falsified provincial-level data validated skepticism of government reporting

April 13, 2017 5:41 AM (UTC+8)

China’s cabinet approved new draft rules on Wednesday to more strictly regulate the reporting of economic data “from the source,” according to a statement on the State Council’s official website.

The statement added that the draft rules would strengthen accountability for falsified data and ensure economic statistics are truthful and authoritative.

Skepticism of government statistics in China was validated to some extent last January when state media reported that Liaoning Province had provided inaccurate data over a period of four years.

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