Posted on 06/24/2005 3:38:33 PM PDT by NZerFromHK
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Printer version | E-Mail article | Give feedback Village Generates 30 Millionaires Overnight The Epoch Times Jun 23, 2005
A small village in China’s Hubei Province generated around 80 million yuan (US $9.68 million) in private business sales income last year, but the local government reported a balance of 1.009 billion yuan (approximately US $122 million). This false claim was exaggerated by 900 million yuan, and created 30 millionaires overnight!
According to the Southern China Weekend Report ( Nanfang Zhoumo), the Section Chief of National Statistics Bureau of Policy and Regulations, Song Dejia, and his cohorts visited the village of Santai, Maiwang Town in Han Chuan City, Hubei Province on January 25th. The village has a population of approximately 1,800 people and does not have any industry. Ninety percent of Santai’s farmers make their living from an average-sized lot of 0.08 hectares.
It is this village that generated nearly 30 millionaires in one night, who each accounted for 100 million yuan of private business sales. That inflated figure was reported in the first National Economy Survey launched recently. According to the report, similar things have happened in other villages and towns.
At the end of October 2004 and after the first survey, Maiwang Town found that the whole town’s private business sales income was around 80 million yuan. But the Section Chief of the Economy Survey office believed “the figure is too low and doesn’t match the actual situation.” He reported his belief to the town leaders who then agreed it was necessary to “check for missing income,” and to “update the loss.”
The quota assigned to Santai village stated that the total income of the village should be 68.2 billion yuan. That meant it would be 100 times higher than the true figure. Yang Zhenlong of the Economy Survey Office had no choice but to add 25 private businessmen to the report to “properly” finish the survey assigned to the village.
According to the report, in the forged list of those 30 millionaires, one person was named “Ouyang Shubao”, which translates to “I want to make a false claim.” The sarcasm shows the anger felt by Yang Zhelong at having to cook the books. Listed beneath the name “Ouyang Shubao” was property worth 3 million yuan and dozens of employees. Those 25 forged documents plus forged documents from other villages blew a 1 billion yuan bubble into the hands of the village leaders.
On January 15, 2005, Yang Zhelong decided to report what he knew to the National Statistic Bureau using his true name. Santai’s false claim incident was then circulated around the country as a “severe illicit case” by February 24th.
Although Santai’s economic situation has been getting steadily worse in recent years, its reported private business sales income has stabilized at around the 1 billion yuan level. Local officials said that new leadership has two ways to go: pierce the lies or tell more lies to cover up the old ones. No doubt there would be a huge cost for rejecting the lies. Besides, “you would need to be against all preceding false reports, or your career would be finished.”
Leaders feel they need to lie to preserve their positions. Because all the surrounding villages can be expected to submit inflated reports, to not follow suit could create widespread conflict.
This false claim was exaggerated by 900 million yuan, and created 30 millionaires overnight!
Yes, those guys were my best friends back in the day...
interesting..
makes me wonder what the Chinese economy REALLY looks like...
About 1/5 of an acre.
In the '60s I worked for Ford, running a piston rod grinder. Had to run 9,000 rods per shift. Every night when I hit 6,000 on the counter, the foreman would come around and manually click the counter to 9,000- and I'm done for the night. When I finally asked him why he was adding 3,000 "paper" rods to my production figures, he said incredulously, "because they're turning out paper heads on the piston head line". I quit and joined the Army. Now an entire world economy does the same thing and I'm too old to join the Army.
<< interesting..
makes me wonder what the Chinese economy REALLY looks like... >>
It really looks like there are more than a billion Chinese who get by on about USD$30.00 per month.
And like the books are cooked for all the rest of them.
Except at the "banks" which are robbed bare by the "non-performing 'loans'" which make up more than 60% of all of their transactions and at the airports through which stream the Peking psychopaths' couriers, carrying out the looted 60+% of all foreign investment.
When you think of "china," in addition to thinking of a medieval-standard slave state, think of a fender. Somewhat shiny on the outside and mud and poop-splattered underneath.
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