“Some local governments tend to cook their statistics, inflate some figures or conceal some data to stand out from the competition,” said Yin Zhongqing, deputy director of financial and economic affairs committee of the National People’s Congress on Sunday in Beijing. Photo: Xinhua

China must punish officials for ‘cooking the books’ to improve data credibility, top lawmaker says

  • Analysts have long had doubts over whether official Chinese government economic data accurately reflects what is going on in the world’s second largest economy
  • Recent study found China overestimated its nominal and real growth rates by about 2 full percentage points on average between 2008 to 2016
Topic |   China economy

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“Some local governments tend to cook their statistics, inflate some figures or conceal some data to stand out from the competition,” said Yin Zhongqing, deputy director of financial and economic affairs committee of the National People’s Congress on Sunday in Beijing. Photo: Xinhua
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China’s central bank has for the first time disclosed details of the China-US trade talks involving the yuan exchange rate. Photo: Xinhua

China has made a clear effort to keep yuan exchange rate stable, says central bank

  • People’s Bank of China governor Yi Gang says Beijing will not devalue yuan to boost exports or ease trade tensions amid the US-China trade war
  • China’s foreign exchange intervention has long been a political target in the United States and Donald Trump vowed to declare China a currency manipulator in 2016
Topic |   Two Sessions 2019 (Lianghui)

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China’s central bank has for the first time disclosed details of the China-US trade talks involving the yuan exchange rate. Photo: Xinhua
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