The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Center Quick Take: Implications of the Official Report on Faked Economic Data

For companies that operate in China, the Xinhua News Agency's December 11 revelation that provincial officials had “faked economic data” is not surprising and should not be overly concerning or distracting. The Conference Board China Center has found that while overreporting as a tool of policy support is on the decline, "not reporting” is clearly on the rise. Our revised GDP estimates for China indicate that China will likely continue to add hugely to nominal growth over the next 10 years and thus remain opportune for MNCs from a growth perspective.

Increasing city-level growth disparity is, however, an important new reality. Market selection will be a critical success factor in the future (see our new “city strata framework”). Executives will need to regularly survey the city-level front lines and step up city-specific market assessments to accurately understand emergent demand and risk dynamics (in particular, debt and liquidity risks in city-level supply chains).

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate

OTHER RELATED CONTENT

RESEARCH & INSIGHTS

WEBCASTS

CONFERENCES & EVENTS

Global Horizons

Global Horizons

March 23 - 24, 2021 | (Holborn, London)

COUNCILS

BLOGS

PRESS RELEASES & IN THE NEWS