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China’s provinces revise 2018 GDP estimates amid questions about economic data quality

Summary:
[unable to retrieve full-text content]More than a third of China’s provincial governments have downgraded their 2018 gross domestic product estimates following a crackdown from Beijing on local governments falsifying data to exaggerate their economic performance.The National Bureau of Statistics said last year it would unify the way it calculates provincial and national economic output from early 2020, amid scepticism about the reliability of Chinese economic figures, particularly at a local level where governments have strong…

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[unable to retrieve full-text content]
More than a third of China’s provincial governments have downgraded their 2018 gross domestic product estimates following a crackdown from Beijing on local governments falsifying data to exaggerate their economic performance.The National Bureau of Statistics said last year it would unify the way it calculates provincial and national economic output from early 2020, amid scepticism about the reliability of Chinese economic figures, particularly at a local level where governments have strong…

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