China Cracks Down on Data Fraud with Amended Statistics Law
China's top legislative body has approved amendments to its statistics law to combat persistent data fraud amid skepticism about data reliability. Local governments will now be responsible for preventing, punishing, and investigating statistical fraud. The amendments aim to enhance the integrity and efficiency of China's statistical supervision system.
China's top legislative body has approved an amended statistics law, aiming to curb persistent data fraud amid growing skepticism about the reliability of data in the world's second-largest economy.
The new legislation seeks to establish a 'complete, coordinated, and efficient' statistical supervision system, according to state media outlet Xinhua. Local governments will be tasked with preventing and punishing statistical fraud, assessing the statistical performance of senior officials, and legally holding accountable those who commit data falsification.
The law underscores the importance of adhering to the leadership of the Communist Party of China, as highlighted by a spokesperson earlier this week. Despite repeated sanctions, statistical fraud has remained a significant issue, undermining the authenticity of economic data. Analysts and the public alike have voiced concerns, urging immediate solutions to restore data integrity.
(With inputs from agencies.)