LINE

    Text:AAAPrint
    Economy

    China will not tolerate fake economic data

    1
    2017-04-25 08:55Xinhua Editor: Gu Liping ECNS App Download

    The Chinese government has zero tolerance for any fabrication of economic data as it knows the importance of authentic figures in making correct decisions and bringing tangible benefits to its people.

    Of the 23 provincial-level regions that have released first quarter regional GDP figures as of Monday, northeast China's Liaoning Province recorded the slowest growth of 2.4 percent, lower than the national growth of 6.9 percent.

    This is not a surprise as the local government admitted in January that a raft of economic data had been falsified from 2011 to 2014 and vowed to eliminate the bubbles in statistics.

    In response to the problem, Liaoning reported a 2.5-percent drop in its 2016 regional GDP, compared with a 6.7-percent expansion in national GDP, showing the province's firm stance against falsifying data.

    The issue of inflated data originates from the obsession some local officials have for impressive figures, which could bring political benefits under previous official evaluation measures.

    China is changing to a more scientific evaluation system from the former system, which placed excessive emphasis on economic indicators.

    Fake data are even more harmful to society than fake products, as they will distort the central government's judgment about economic realities and influence decision making.

    It is also against the Communist Party of China's ideological line, which underscores seeking truth from facts, and erodes the image of the Party in Chinese people's minds.

    As in Liaoning's case, the problem can also hurt the people's material well-being, as inflated fiscal figures caused a reduction in the central government's transfer payments to the local level.

    The central government has responded to fake data with a definitive "no."

    To ensure data authenticity and reliability, the country has unveiled guidelines on the management of statistical work, improved the legal framework and punished economic data-related violations.

    "We will never tolerate statistical violations or data falsifications. There will be zero tolerance," head of the National Bureau of Statistics Ning Jizhe said last month.

    Last year, the bureau investigated 15 major statistical violation cases, punishing more than 10 people in each case.

    The bureau on Thursday set up a law enforcement unit that aims to become a "sharp sword" against data fabrication.

    At a time when the whole country is making strides toward the goal of building a moderately prosperous society in an all-round way by 2020, no fake data should be allowed.

    After all, China's pledge to "leave no one behind" in building a moderately prosperous society must be fulfilled among the people, not just on paper.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 台山市| 手游| 封丘县| 灵武市| 漯河市| 黄浦区| 陈巴尔虎旗| 尼玛县| 屯门区| 赣榆县| 绥滨县| 潍坊市| 永兴县| 互助| 乌兰察布市| 上栗县| 溆浦县| 邹平县| 盱眙县| 焦作市| 淮安市| 卓尼县| 通海县| 凤凰县| 望奎县| 余庆县| 五常市| 奉节县| 额敏县| 化州市| 丰原市| 枝江市| 皋兰县| 平湖市| 吉安市| 象州县| 屏东县| 山阳县| 晋州市| 浑源县| 清河县|