• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
China

Chinese Province Admits to Fabricating Financial Data For Four Years

By
Joseph Hincks
Joseph Hincks
Down Arrow Button Icon
By
Joseph Hincks
Joseph Hincks
Down Arrow Button Icon
January 19, 2017, 4:01 AM ET
China's Last Steam Locomotives
FUXIN,CHINA - JULY 6: Worker repairs steam locomotive's parts in Fuxin coal mine locomotive repair plant in July 06, 2015, Fuxin, Liaoning Province, China. Fuxin is the city raised by coal mine from 1950s after the found of People's Republic of China, the economy became down as coal mine shrink. Steam locomotive, which is a retired technology, still run in Fuxin due to less cost. (Photo by Xiao Lu Chu/Getty Images)Xiao Lu Chu—Getty Images

China’s northeast industrial province of Liaoning falsified its fiscal data over a period of four years, local officials have said, adding to concerns over the validity of China’s economic statistics.

From 2011 to 2014, fiscal revenues for Liaoning were massaged up by at least 20%, said provincial governor and Deputy Communist Party Secretary of Liaoning Province, Chen Qiufa, Bloomberg reports, citing the state-run People’s Daily (link in Chinese).

Over-egging the growth figures and other acts of fraud were, according to Chen, committed by both city and county government officials in the Liaoning region who wanted to advance their careers. The fabricated figures impacted the central government’s assessment of the economic status of Liaoning, Chen said, citing a 2016 report from the country’s National Audit Office. The Financial Times reported that the false data led to residents paying $146 each in additional taxes, according to the state-run China Daily.

For more on China’s economic growth, watch Fortune’s video:

The revelation comes just days before China is scheduled to post its full-year national growth report and at a time when officials have stressed the need for more scrupulous economic reporting. According to Bloomberg, the head of China’s National Bureau of Statistics, Ning Jizhe, has urged the country to increase the quality of its statistics and to crack down on fraudulent economic data.

More than 500 deputies accused of vote-buying and bribery have reportedly been purged from Liaoning’s legislature. Last year, Wang Min, former provincial Communist party chief from 2009 to 2015, was expelled from the party in a corruption crackdown.

About the Author
By Joseph Hincks
See full bioRight Arrow Button Icon
0

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
2 days ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
1 day ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
1 day ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
1 day ago
placeholder alt text
Real Estate
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
1 day ago
placeholder alt text
Economy
Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.