Beijing has tried to ensure data accuracy for policymaking, but there have been a number of cases of local governments reporting inaccurate data. Photo: EPA-EFE

China plans to tackle fraudulent data with harsh new penalties for local leaders and the help of AI

  • Beijing is amending its statistics law to crack down on fraudulent data that has caused some observers to question official economic statistics
  • The government has proposed harsh penalties for local leaders and outlined plans to deploy cloud computing and artificial intelligence to solve the problem
Topic |   China economy

TOP PICKS

Beijing has tried to ensure data accuracy for policymaking, but there have been a number of cases of local governments reporting inaccurate data. Photo: EPA-EFE
READ FULL ARTICLE
The Chinese government has set a target range of 6 to 6.5 per cent for the overall growth rate in 2019. Photo: Reuters

China’s economic growth worse than expected, sinking to new low of 6.0 per cent in third quarter amid US trade war

  • Economic growth was the lowest since records began in March 1992 and below expectations of 6.1 per cent
  • Other figures released on Friday showed that industrial production grew by 5.8 per cent in September, while retail sales grew by 7.8 per cent last month
Topic |   China economy

TOP PICKS

The Chinese government has set a target range of 6 to 6.5 per cent for the overall growth rate in 2019. Photo: Reuters
READ FULL ARTICLE