Chinese Officials Admit To “Significantly Faking And Overstating” Economic Data
by Tyler Durden
ZeroHedge.com
12/14/2015
Several local officials in China’s Northeast region sought to explain dramatic economic drops in their areas by admitting they had faked economic data in the past few years to show high growth when the real numbers were much lower, Xinhua News Agency reported on Friday. The report cited several officials in the region who acknowledged they had “significantly overstated data ranging from fiscal revenue and household income to GDP.”
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