China to adopt new rules to improve economic data

China is set to adopt new rules to prevent officials from falsifying statistics to help improve the quality of data, the cabinet said on Wednesday, Reuters reports. The cabinet has approved draft rules on implementing the statistical law that will regulate statistical activities “from the source”, it said in a statement on the government’s website, after a regular meeting. The rules would strengthen efforts to hold accountable people falsifying figures to “ensure the authenticity and authority of statistical data,” the cabinet said. China will improve its statistical system and methods, including those on new industries, the cabinet said, without giving further details. In January, the state-owned People’s Daily newspaper reported that the Liaoning government, in its annual work report, revealed it had misstated fiscal data from 2011 to 2014.