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Duowei: Another Case of a Local Chinese Government’s GDP Data Fraud

Duowei news reported that, following the three northeastern provinces, another act of “cheating the Party Central Committee” had occurred. In recent days, one of China’s local governments was exposed for committing GDP data fraud. Officials from Inner Mongolia admitted that they had committed massive falsification of financial and economic data. Those responsible had artificially increased the industrial added value in 2016 by 40 percent. The falsified accounts amounted to an addition of 290 billion yuan (US$44.69 billion), which was the equivalent of the total GDP of Inner Mongolia’s capital city Hohhot. On January 7, Chinese media reported that Inner Mongolia, after the financial department’s repeated auditing corrections, had to reduce its income from its public budget in 2016 by 53.0 billion yuan (US$8.16 billion), accounting for 26.3 percent of the total. The industrial added value in 2016 should be reduced by 290 billion yuan, accounting for 40 percent of the industrial added value for the entire region.

Source: Duowei, January 8, 2018
http://news.dwnews.com/china/news/2018-01-08/60034109.html

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