Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Fall Of High-Level CCP Party Official Who Faked Economic Data Triggers Concern Over China's Economy
Epoch Times ^ | 06/06/2022 | Sophia Lam

Posted on 06/06/2022 8:34:51 PM PDT by SeekAndFind

China’s top disciplinary watchdog announced on May 31 that it has removed a former top official in eastern Jiangsu Province from the Chinese Communist Party (CCP) and the regime’s public office.

Zhang Jinghua, former deputy CCP chief of Jiangsu, was accused of “faking economic figures for personal promotion and meddling in market activities in violation of relevant rules,” among other charges of corruption, according to the Central Commission for Discipline Inspection (CCDI) in a notice on May 31. It did not provide any specifics for the accusation.

Zhang is one of the most recent CCP members of the 19th central committee—the CCP’s top governing body—to fall.

One day prior, China’s National Bureau of Statistics (NBS) held a virtual meeting in which its director, Kang Yi, said that the problem of statistical falsification still exists in China.

On May 27, the NBS stated that 126 lower-level officials in Hebei, Henan, and Guizhou provinces had been punished for fabricating statistical data.

This wave of purging data fabrication began in March when the CCDI wrote on its website that some local officials had falsified data to create an illusion of development and manipulated statistical data by “reminding” and ordering relevant departments to make the necessary changes.

Foreign investment banks have already cut their China growth forecasts after the regime’s COVID-19 lockdowns hit the economy of Shanghai hard, with Nomura predicting growth of 3.9 percent.

Statistics to Suit Party’s Political Needs

For the CCP, statistics have three functions, according to Wang He, a China current affairs commentator in a recent interview with the Chinese-language edition of The Epoch Times: to support decision-making, to serve politics, and to brainwash the people. But the first function is nominal, he said.

“To effectively support decision-making, the authenticity, timeliness, and completeness of statistical data must be of top priority,” Wang said.

But the norm in CCP officialdom, Wang said, is to use data to serve the party’s political purposes. He noted that fake data assists CCP officials in their promotion through the ranks, which in turn spurs them to continue forging data for further promotion.

“The CCP uses false data to fool the people that the situation in China is always great, as lies are a basic element of the CCP’s rule,” Wang said.

The recent purging of false data by the CCP now is again for political reasons, Wang added, rather than motivated by economic transparency, as the regime is in the critical months before the CCP’s 20th national congress to be held in autumn for political reshuffling.

China’s GDP Figures ‘Man-made,’ Unreliable: Premier

The Chinese regime has long been criticized for massaging its economic data, including GDP figures, population, and other indicators.

Chinese premier Li Keqiang, then party secretary of northeastern Liaoning Province, reportedly said to Clark T. Randt, Jr., former U.S. ambassador to China, that China’s “GDP figures are ‘man-made’ and therefore unreliable,” over dinner on March 12, 2007, as disclosed by Wikileaks.

He also acknowledged the economic crisis facing China in 2020 when he told reporters at a presser on May 28 that “there are 600 million people whose monthly income is only 1,000 yuan ($140).”

China’s population is 1.439 billion; 600 million people is roughly 41.7 percent of the total population.

In January 2017, Chen Qiufa, then governor of Liaoning Province, confirmed at the provincial people’s congress that the cities and counties of Liaoning had problems with falsifying financial data from 2011 to 2014, as reported by the CCP’s mouthpiece Xinhua News Agency.

In January 2018, Inner Mongolia revealed that its economic data was substantially falsified—its 2016 industrial output was substantially inflated by 40 percent and that fake growth amounted to 290 billion yuan (roughly $43.5 billion).

In addition to Liaoning and Inner Mongolia, Jilin Province and Tianjin City were forced to revise their data after they were found to have inflated or manipulated economic statistics over the past few years, according to a Bloomberg report.


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: bidenvoters; china; data; economy
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-88 next last

1 posted on 06/06/2022 8:34:51 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

The Coming Collapse Of China

-——Gordon Chang


2 posted on 06/06/2022 8:40:17 PM PDT by BrexitBen
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

ruh roh


3 posted on 06/06/2022 8:44:57 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Commies lying? Say it isn’t so!


4 posted on 06/06/2022 8:47:33 PM PDT by null and void (We're trapped between too many questions unanaswered, and too many answers unquestioned...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KC_Lion

Ping.


5 posted on 06/06/2022 8:51:44 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BrexitBen

RE: The Coming Collapse Of China

Yep, published 2001. I’ll probably be dead if it happens ( if ever ).


6 posted on 06/06/2022 8:52:02 PM PDT by SeekAndFind
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

The CHICOM GDP numbers were always phony as a 3 dollar bill.


7 posted on 06/07/2022 12:10:48 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

So they are going to blame the coming real estate bubble crash and other economic problems on corrupt officials lying, not them printing yuan and building ghost cities and non productive plants that sit idle.

After 2008, China printed a massive amount of money, making the FED look like hard core gold bugs in comparison.

The America haters still brag about China, how it’s economy is going to be bigger than the US soon. FAIL!


8 posted on 06/07/2022 12:21:10 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 1 | View Replies]

To: SmokingJoe

LEARN!


9 posted on 06/07/2022 12:21:50 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 8 | View Replies]

To: BiglyCommentary

Next you are going to deny the Chinese built their own space station, sent their own rover to Mars ( only the second country to have done so), have far faster more hi tech, vastly superior trains than America, fer superior airports etc, etc.
None of that happened. According to determined, deranged, paid Ukraine trolls like you anyway. Ever considered another line of business?
Chuckle.


10 posted on 06/07/2022 1:10:27 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 9 | View Replies]

To: SmokingJoe

You believe the CHICOM economic numbers. You are a clueless clown. And China ripped off from the US and US companies a lot of the tech you brag about. When are you moving to China, your beloved motherland?


11 posted on 06/07/2022 1:27:01 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 10 | View Replies]

To: BiglyCommentary
And China ripped off from the US and US companies

The Chinese cannot build vastly superior trains by “stealing” inferior American train technology. Nor can anyone else, Mister Troll.
Come to think of it, what does Ukraine have as compared to the Chinese?
Plus you don't land rovers on Mars or build your own space station, like the Chinese have done, by stealing from anybody.
Next you'll be telling us America stole space technology from the Russians, since Russia was the first to go to space, first to send man to space, first to send a satellite to space, etc etc.
Read some history troll.

12 posted on 06/07/2022 1:42:55 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 11 | View Replies]

To: SmokingJoe

China fan boy, the CHICOMS’s stole a lot of high speed train technology from Japan. The CHICOM’s steal an enormous amount of research from AMERICAN universities, clown. Stealing tech is not the same as developing it, no more than stealing money makes one a financial trading genius.

The US kicked the Soviets asses in the space race. The winner of a “race” is not the guy who’s leading at the first turn Russia fan boy. Go learn some history.


13 posted on 06/07/2022 2:01:38 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind
Zhang is one of the most recent CCP members of the 19th central committee—the CCP’s top governing body—to fall.

Did they run over him with a tank?

14 posted on 06/07/2022 2:03:09 AM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
[ Post Reply | Private Reply | To 1 | View Replies]

To: BiglyCommentary
CHICOMS’s stole a lot of high speed train technology from Japan

In post #11, you claimed and I quite:
“And China ripped off from the US and US companies”
Now they stole the technology from the Japanese? You can't even get your story straight.
Did the Japanese complain to you about it?
Aren't you getting more desperate by the minute?
Chuckle.

15 posted on 06/07/2022 2:12:08 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 13 | View Replies]

To: BiglyCommentary
The US kicked the Soviets asses in the space race.

Is that why America was forced to depend on the Russians to even get to the Space Station from 2011 to 2020?
We were so “ahead” we had to pay the Russians huge amounts to carry our astronauts to the space station for 10 years.
That's some “advancement “ right there.
Chuckle

16 posted on 06/07/2022 2:19:40 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 13 | View Replies]

To: SmokingJoe

Joe, Ali punched you one time too many in the head.

Did it ever occur to you that your 50 foot tall Chinese supermen could have stolen different tech from different countries? No! That would be too difficult for you to figure out all by yourself.


17 posted on 06/07/2022 2:24:08 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 15 | View Replies]

To: SmokingJoe

Joe, pay attention to what’s happening in the world. An American private company is beating Russia in space tech. Can your Russian supermen launch their rockets and have them return to their launch pads? No. Do they have the lift capability of Musk’s SpaceX’s Super Heavy> No.


18 posted on 06/07/2022 2:36:11 AM PDT by BiglyCommentary
[ Post Reply | Private Reply | To 16 | View Replies]

To: BiglyCommentary
Did your Ukraine pals “steal” this technology for the Chinese too?
Chuckle.
On a more serious note, did it occur to you that the Chinese are producing up to 10 times as many engineers per year as America is, and spending VAST amounts on research and development?
You don't put a rover on Mars or build your own space station from nothing.
19 posted on 06/07/2022 2:36:29 AM PDT by SmokingJoe
[ Post Reply | Private Reply | To 17 | View Replies]

To: Mark17

“Won’t see him no more .”


20 posted on 06/07/2022 2:42:18 AM PDT by A strike ("My country sux" is grounds for asylum?!?)
[ Post Reply | Private Reply | To 14 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-88 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson