China tackles ‘corruption in numbers’ to ensure economic, social stability in 2022
- New statistical guidelines highlight Beijing’s intention to narrow the gap between government narratives and market reality
- Many have long questioned the reliability of China’s economic data, a concern highlighted with many sectors of the economy facing various coronavirus pressures
China has pledged to improve the quality of its economic data to better assist Beijing policymaking at a time when positive official figures in some cases contrast sharply with the reality faced by small businesses and individuals suffering under various coronavirus pressures.
New statistical supervision guidelines were approved by the Central Commission for Comprehensively Deepening Reforms at the end August, although the rules that lay out an intention to narrow the gap between government narratives and market reality were only released by the State Council on Tuesday.
“[We must] adhere to scientific methods to make statistics timely, accurate and reliable. We must prevent falsehood and resolutely curb ‘corruption in numbers’,” the guidelines said.
“The effectiveness of the statistical supervision mechanism needs to be improved.”
The focus will be set on supervising whether cadres thoroughly implement the decisions and arrangements … in promoting economic and social development
Authorities plan to carry out routine and special inspections to ensure the authenticity of data, while also monitoring local implementation of key national strategies and de-risking campaigns.