Posted inBusinessChina

Too good to be true: Local govts admit to cooking the books on GDP growth in China

Local officials in northeast China have admitted to inflating economic growth figures to win promotions, Xinhua has reported. According to bogus Gross Domestic Product (GDP) statistics, some townships have bigger economies than Hong Kong, the state-run news agency said. An official in Dalian, Liaoning told reporters a slump in the city’s industrial sector this year was unusually big […]