Top official says Chinese economic data unreliable
Dec. 6 (Wall Street Journal): Chinese vice premier Li Keqiang, considered the top contender to take over as premier after Wen Jiabao said in 2007 that much of the country’s local economic data are unreliable, according to a leaked diplomatic cable.
Analysts have long questioned the reliability of economic figures produced by local governments in China. Because local officials’ careers often depend on how well the economy in their jurisdiction is performing, there is an incentive for them to report positive figures.
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