JohnyBoy
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Such a looser...
China Economy Forum
- Thread starter EagleEyes
- Start date
Such a looser...
JohnyBoy
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Don't worry Indians, you should start producing rubber dildos on mass global scale.
Then you can shove them in your mouths and finally STFU.
Surely...will produce rubber dildos so that you can use it to shove up your arse cracks...
Oh ya I forgot...There are mass large scale suicide bombers to blow up people like you anyways...
DoTell
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You know what they say; ignorance is bliss. In pure bliss they pee in their pants
Just reported on TOI:
Ignorance is a bliss indeed
vicky sen
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pakistan's economy is hardly a thing to talk about....so breathe easy....
shuttler
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Let's see how it goes in 2016 and beyond.
Chinese carmaker Great Wall Motors may set up plant at Pune
Jun 10, 2013changzeng
Now time for a Great Wall Motors display:
Haval H8
Great Wall C50
C20R
Wingle 5
Credit: pt.grafster.net
M4
Credit: Chinaautoweb
Voleex 80
All pix credit: Great Wall Motors or stated
shuttler
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中国北车对外输出世界最大载重铁路货车
China CNR exporting the world's largest railway wagon load
2013年08月16日13:20 来源：中国北方机车车辆工业集团公司
cnews.people.com.cn
8月16日，中国北车齐齐哈尔装备公司举行仪式，向澳大利亚必和必拓公司交付新型40吨轴重不锈钢矿石车。该车型最大运用轴重可提升至44吨，是目前世界载重能力最大的铁路货车，显示我国铁路货车装备研发和制造水平已成功进入全球行业领军序列。
August 16, China CNR Qiqihar equipment company held a ceremony to Australia's BHP Billiton delivered a new 40-tonne axle stainless steel ore cars. Maximum use of the model can be upgraded to 44 tons axle load, load capacity is currently the world's largest railway wagons, railway wagon display of equipment R & D and manufacturing level has successfully entered the global industry leader sequence.
Credit: guancha.com.cn
一列7353米长的列车在澳大利亚西部的皮尔巴拉地区行驶着。据报道，这列火车是世界上最长的列车。车上装载着82,000吨铁矿石，列车总重量达10万吨。8辆机车拉动着这列车，仅用10个多小时就完成了275公里的行程，抵达黑德兰港。
A 7353 m-long train in Western Australia's Pilbara region moving forward. According to reports, this train is the world's longest train. Car loaded with 82,000 tons of iron ore, the total train weight of 10 tons. 8 locomotives pulling a train into in just over 10 hours to complete the 275 km trip, arrived in Port Hedland.
All Photo Credits: ChinaCNR (or stated)
Net assisted translation
China CNR exporting the world's largest railway wagon load
2013年08月16日13:20 来源：中国北方机车车辆工业集团公司
cnews.people.com.cn
8月16日，中国北车齐齐哈尔装备公司举行仪式，向澳大利亚必和必拓公司交付新型40吨轴重不锈钢矿石车。该车型最大运用轴重可提升至44吨，是目前世界载重能力最大的铁路货车，显示我国铁路货车装备研发和制造水平已成功进入全球行业领军序列。
August 16, China CNR Qiqihar equipment company held a ceremony to Australia's BHP Billiton delivered a new 40-tonne axle stainless steel ore cars. Maximum use of the model can be upgraded to 44 tons axle load, load capacity is currently the world's largest railway wagons, railway wagon display of equipment R & D and manufacturing level has successfully entered the global industry leader sequence.
Credit: guancha.com.cn
一列7353米长的列车在澳大利亚西部的皮尔巴拉地区行驶着。据报道，这列火车是世界上最长的列车。车上装载着82,000吨铁矿石，列车总重量达10万吨。8辆机车拉动着这列车，仅用10个多小时就完成了275公里的行程，抵达黑德兰港。
A 7353 m-long train in Western Australia's Pilbara region moving forward. According to reports, this train is the world's longest train. Car loaded with 82,000 tons of iron ore, the total train weight of 10 tons. 8 locomotives pulling a train into in just over 10 hours to complete the 275 km trip, arrived in Port Hedland.
All Photo Credits: ChinaCNR (or stated)
Net assisted translation
IndoCarib
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Just reported on TOI:
Ignorance is a bliss indeed
See what did I say !??? You dont even know the topic of the thread
shuttler
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A magnificent American bridge with a Chinese signature
- We built their railroads now we help build the bridge!
The sun hit the bridge as cars drove over the new eastern span Monday September 2, 2013. The celebration for the opening of the eastern span of the Bay Bridge began with a ceremony in the Bridge Yard building near the toll plaza, followed by a chain cutting ceremony nearby. Photo: Brant Ward, The Chronicle
The new eastern span (L) of the SF-Oakland bridge stands next to the old bridge.
All above photo credits hereunder linked:
New $6.4B SF-Oakland Bay Bridge opens to traffic (yah00.com)
September 3, 2013
Credit: wikipedia
Building the Bay's signature span
By Patricia Decker
McSweeney's San Francisco Panorama/SF Public Press
— Dec 8 2009 - 1:48pm
Millions of shorter welds that connect the U-ribs to the road surface have needed repairs. Inspectors are working around the clock to ensure they meet exacting quality standards. Photograph by Tom Paiva, courtesy of the Metropolitan Transportation Commission - See more at: Building the bay
More than 2000 ZPMC workers in Shanghai work rotating shifts, so the plant runs 24 hours a day. Photograph by Tom Paiva, courtesy of the Metropolitan Transportation Commission. - See more at: Building the bay
On the ground in Shanghai with the men who are tackling, weld by complicated weld, the largest public works project in Bay Area history.
When all the pieces are finally welded together and tethered by the main suspension cable, the Bay Bridge east span will be not just a new American icon, but also a truly global monument.
From the enormous solid steel castings of cable saddles, brackets and bands being forged in Japan and England to the gigantic bearings and hinges being manufactured in South Korea and Pennsylvania, fabrication of the bridge is under way in seven foreign countries and in more than two dozen American cities, including 12 in California.
No foreign country is contributing more in terms of labor and critical components than the People’s Republic of China, where Shanghai’s Zhenhua Port Machinery Co. (ZPMC) is fabricating the heart and soul of the new Bay Bridge.
A subsidiary of China Communications Construction Co. Ltd, a major international infrastructure design and construction firm partially owned by the Chinese government, ZPMC is relatively new to the bridge-building industry but has a prolific history of producing immense steel structures.
Best known for its dominant global role in producing container cranes, such as the bevy of dinosaur-like structures grazing in the Port of Oakland, ZPMC is poised to expand its share of global steel production if it can deliver on Caltrans’ demanding expectations for the east span.
In April 2006, when Caltrans awarded the contract for the most complex and ambitious part of the east span replacement to the lowest bidder, American Bridge/Fluor (ABF), it was the inclusion of ZPMC that provided a critical price advantage: Chinese steel and labor was $400 million cheaper than it was for domestic steel fabrication.
ZPMC had its manufacturing capabilities in place, eliminating the need for expensive and time-consuming construction of a domestic fabrication facility. American Bridge’s working relationship with the company was established when ZPMC provided steel deck plates for the new Carquinez Bridge that opened in 2003.
Sprawling across more than two square miles along the southern shore of the city-size Changxing Island, in the mouth of the Yangtze River Delta, the ZPMC facility is the largest of its kind in the world. The fabrication yards set aside for the Bay Bridge project are just a patch in the quilt of warehouses where 20,000 people work, forging 80 percent of the world’s container cranes and other gargantuan steel structures, including the 67,000 tons of steel destined for the east span decks and tower legs.
Seventy years ago, when American Bridge engineered the Bay Bridge structure being replaced today, ironworkers slung hot metal rivets from buckets as they fastened steel plates together hundreds of feet in the air.
Today, the components are manufactured in huge yards and then shipped on a month-long journey across the Pacific before being lifted into place with the largest floating crane on the West Coast, named the “Left Coast Lifter”—also built by ZPMC.
“Life at the factory level is a tough one,” said Tom Paiva, a Los Angeles–based photographer hired by MTC to document the construction in Shanghai. Workers put in 12-hour shifts, six days a week, Paiva said, keeping operations going 24 hours a day, seven days a week.
Paiva sought to capture the spirit of the struggle and patriotism permeating every aspect of worker life at the Changxing Island plant. He snapped his shots in the late-night hours when the juxtaposition of darkness and the welding sparks were at their greatest contrast.
“The simple fact is, despite the fact that we got a bid for domestic steel, I’m not sure that there is a domestic steel fabricator that could do what ZPMC is doing” in terms of scale and their capability for the “massivity of this project,” said MTC executive director Steve Heminger.
Splitting his time between fabricators for the steel components of the bridge deck and tower and the manufacturer of the main cable, Paiva provided a photographic window into the soul of the project.
He captured how ZPMC management communicates the gravity of producing a quality product to its workers: Hanging high above the outside of one of the warehouses, a red banner reads, “Regulations is glorious, working recklessly is disgraceful.”
Where Paiva caught moments of friendship and camaraderie on the construction yard, emotion creeps into the otherwise stark task of constructing one of the most controversial and complex suspension bridges in the world.
Workers are clad in tangerine jumpsuits, emblazoned with “ZPMC” on the back, and in overalls a cheerier shade of Folsom Prison orange. They flash smiles in some photographs as they catch their breath from the hectic pace to pose in groups.
While subcontracting with ZMPC and using foreign steel was expected to save hundreds of millions overall, manufacturing problems have gnawed away at the potential benefits, with tens of millions needed to pay for performance incentives, reforming inspection procedures, and keeping quality engineers overseas and on the job.
The project has required scores of American workers from ABF, Caltrans, and its subcontractor to relocate to China for extended periods, especially as the inspection staff grew to respond to weld-quality issues.
In addition to the inspectors from ABF, Caltrans, and its subcontractor—currently Caltrop, which began project oversight last December—ZPMC maintains its own quality-control staff. And there are at least 250 inspectors—about 200 from the prime contractor and 45 from Caltrans—working with ZPMC inspectors to ensure the millions of welds are up to par.
In an effort to correct the chronic welding problems, an expensive “green tagging” process was devised whereby small green tags were attached to components as they passed quality control testing. That process will cost at least $17 million by the time Chinese fabrication is completed.
Delays related to a June 2009 shipping date undermined the confidence in the green tagging process, which was supposed to prevent this type of slowdown in the inspection chain. That confidence continued to erode as target dates for shipments from Shanghai slipped ever further into autumn.
American Bridge estimates that the barge carrying the first shipment of the 500-ton deck sections from Shanghai will sail by the end of the year—so, weather permitting, we can expect to see them passing through the Golden Gate by January or February.
Pieces of the tower, which are fabricated in smaller sections roughly 100 feet high, aren’t scheduled to arrive until late spring or early summer.
By the time all the bridge pieces are delivered, fabrication costs will have ballooned by $100 million, and probably millions more.
Still, the bridge’s overseers believe that building in China will turn out to be a good deal for Californians.
- We built their railroads now we help build the bridge!
The sun hit the bridge as cars drove over the new eastern span Monday September 2, 2013. The celebration for the opening of the eastern span of the Bay Bridge began with a ceremony in the Bridge Yard building near the toll plaza, followed by a chain cutting ceremony nearby. Photo: Brant Ward, The Chronicle
The new eastern span (L) of the SF-Oakland bridge stands next to the old bridge.
All above photo credits hereunder linked:
New $6.4B SF-Oakland Bay Bridge opens to traffic (yah00.com)
September 3, 2013
Credit: wikipedia
Building the Bay's signature span
By Patricia Decker
McSweeney's San Francisco Panorama/SF Public Press
— Dec 8 2009 - 1:48pm
Millions of shorter welds that connect the U-ribs to the road surface have needed repairs. Inspectors are working around the clock to ensure they meet exacting quality standards. Photograph by Tom Paiva, courtesy of the Metropolitan Transportation Commission - See more at: Building the bay
More than 2000 ZPMC workers in Shanghai work rotating shifts, so the plant runs 24 hours a day. Photograph by Tom Paiva, courtesy of the Metropolitan Transportation Commission. - See more at: Building the bay
On the ground in Shanghai with the men who are tackling, weld by complicated weld, the largest public works project in Bay Area history.
When all the pieces are finally welded together and tethered by the main suspension cable, the Bay Bridge east span will be not just a new American icon, but also a truly global monument.
From the enormous solid steel castings of cable saddles, brackets and bands being forged in Japan and England to the gigantic bearings and hinges being manufactured in South Korea and Pennsylvania, fabrication of the bridge is under way in seven foreign countries and in more than two dozen American cities, including 12 in California.
No foreign country is contributing more in terms of labor and critical components than the People’s Republic of China, where Shanghai’s Zhenhua Port Machinery Co. (ZPMC) is fabricating the heart and soul of the new Bay Bridge.
A subsidiary of China Communications Construction Co. Ltd, a major international infrastructure design and construction firm partially owned by the Chinese government, ZPMC is relatively new to the bridge-building industry but has a prolific history of producing immense steel structures.
Best known for its dominant global role in producing container cranes, such as the bevy of dinosaur-like structures grazing in the Port of Oakland, ZPMC is poised to expand its share of global steel production if it can deliver on Caltrans’ demanding expectations for the east span.
In April 2006, when Caltrans awarded the contract for the most complex and ambitious part of the east span replacement to the lowest bidder, American Bridge/Fluor (ABF), it was the inclusion of ZPMC that provided a critical price advantage: Chinese steel and labor was $400 million cheaper than it was for domestic steel fabrication.
ZPMC had its manufacturing capabilities in place, eliminating the need for expensive and time-consuming construction of a domestic fabrication facility. American Bridge’s working relationship with the company was established when ZPMC provided steel deck plates for the new Carquinez Bridge that opened in 2003.
Sprawling across more than two square miles along the southern shore of the city-size Changxing Island, in the mouth of the Yangtze River Delta, the ZPMC facility is the largest of its kind in the world. The fabrication yards set aside for the Bay Bridge project are just a patch in the quilt of warehouses where 20,000 people work, forging 80 percent of the world’s container cranes and other gargantuan steel structures, including the 67,000 tons of steel destined for the east span decks and tower legs.
Seventy years ago, when American Bridge engineered the Bay Bridge structure being replaced today, ironworkers slung hot metal rivets from buckets as they fastened steel plates together hundreds of feet in the air.
Today, the components are manufactured in huge yards and then shipped on a month-long journey across the Pacific before being lifted into place with the largest floating crane on the West Coast, named the “Left Coast Lifter”—also built by ZPMC.
“Life at the factory level is a tough one,” said Tom Paiva, a Los Angeles–based photographer hired by MTC to document the construction in Shanghai. Workers put in 12-hour shifts, six days a week, Paiva said, keeping operations going 24 hours a day, seven days a week.
Paiva sought to capture the spirit of the struggle and patriotism permeating every aspect of worker life at the Changxing Island plant. He snapped his shots in the late-night hours when the juxtaposition of darkness and the welding sparks were at their greatest contrast.
“The simple fact is, despite the fact that we got a bid for domestic steel, I’m not sure that there is a domestic steel fabricator that could do what ZPMC is doing” in terms of scale and their capability for the “massivity of this project,” said MTC executive director Steve Heminger.
Splitting his time between fabricators for the steel components of the bridge deck and tower and the manufacturer of the main cable, Paiva provided a photographic window into the soul of the project.
He captured how ZPMC management communicates the gravity of producing a quality product to its workers: Hanging high above the outside of one of the warehouses, a red banner reads, “Regulations is glorious, working recklessly is disgraceful.”
Where Paiva caught moments of friendship and camaraderie on the construction yard, emotion creeps into the otherwise stark task of constructing one of the most controversial and complex suspension bridges in the world.
Workers are clad in tangerine jumpsuits, emblazoned with “ZPMC” on the back, and in overalls a cheerier shade of Folsom Prison orange. They flash smiles in some photographs as they catch their breath from the hectic pace to pose in groups.
While subcontracting with ZMPC and using foreign steel was expected to save hundreds of millions overall, manufacturing problems have gnawed away at the potential benefits, with tens of millions needed to pay for performance incentives, reforming inspection procedures, and keeping quality engineers overseas and on the job.
The project has required scores of American workers from ABF, Caltrans, and its subcontractor to relocate to China for extended periods, especially as the inspection staff grew to respond to weld-quality issues.
In addition to the inspectors from ABF, Caltrans, and its subcontractor—currently Caltrop, which began project oversight last December—ZPMC maintains its own quality-control staff. And there are at least 250 inspectors—about 200 from the prime contractor and 45 from Caltrans—working with ZPMC inspectors to ensure the millions of welds are up to par.
In an effort to correct the chronic welding problems, an expensive “green tagging” process was devised whereby small green tags were attached to components as they passed quality control testing. That process will cost at least $17 million by the time Chinese fabrication is completed.
Delays related to a June 2009 shipping date undermined the confidence in the green tagging process, which was supposed to prevent this type of slowdown in the inspection chain. That confidence continued to erode as target dates for shipments from Shanghai slipped ever further into autumn.
American Bridge estimates that the barge carrying the first shipment of the 500-ton deck sections from Shanghai will sail by the end of the year—so, weather permitting, we can expect to see them passing through the Golden Gate by January or February.
Pieces of the tower, which are fabricated in smaller sections roughly 100 feet high, aren’t scheduled to arrive until late spring or early summer.
By the time all the bridge pieces are delivered, fabrication costs will have ballooned by $100 million, and probably millions more.
Still, the bridge’s overseers believe that building in China will turn out to be a good deal for Californians.
DoTell
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See what did I say !??? You dont even know the topic of the thread
Alright let me spell it out for you then: India took another blow. There, happy now?
IndoCarib
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Alright let me spell it out for you then: India took another blow. There, happy now?
No I am not. Looking at the smiley I think you must be
Fsjal
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China is becoming the Industrial power of the world. This bridge symbolizes that America needs China's help in something, like steel fabricating.
As for the railroad wagons, this means trains can carry more load with less wagons.
Good work China. All these building bridges and stuff will benefit not just the economy, but also the workers.
As for the railroad wagons, this means trains can carry more load with less wagons.
Good work China. All these building bridges and stuff will benefit not just the economy, but also the workers.
cirr
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I want to get hold of that TV ASAP。
Xiaomi unveils new Android-powered 5-inch MI3, 47-inch smart TV in China
By Richard Lawler posted Sep 5th, 2013
We've had early previews thanks to leaks, but Chinese manufacturer Xiaomi -- more recently known as the new home of former Google exec Hugo Barra -- just took the wraps off of a new flagship Android phone and smart TV. The MI3 or MiPhone 3 is available with either a 1.8GHz Tegra 4 processor (on China Mobile's TD-SCDMA network) or Snapdragon 800 CPU (China Unicom and China Telecom, which are WCDMA and CDMA2000, respectively) that provide a 40 percent performance boost over the MI2S. It also sports a 5-inch 1080p IPS LCD built by Sharp or LG with "ultra sensitive touch" that works even when the user has wet hands or has gloves on. Other bits include 2GB of LPDDR3 RAM, 16GB for storage (with a nice 120MB/s read speed), a 3,050mAh battery, 13MP (Sony IMX135 sensor, F2.2 sapphire lens, dual LED) and 2MP camera setup, dual-band WiFi and NFC.
The 47-inch 3D-capable Xiaomi TV also runs the company's MIUI flavor of Android, supported by a quad-core Snapdragon 600 with 2GB of RAM and 8GB of storage behind an LG- or Samsung-built display. It even claims an "easy to use" remote with 11 buttons and Bluetooth 4.0. Shockingly, the TV will cost just CN¥2,999 (US$490), while the phone runs CN¥1,999 (US$330) for the 16GB version and CN¥2,499 ($410) for the 64GB.
Xiaomi unveils new Android-powered 5-inch MI3, 47-inch smart TV in China
By Richard Lawler posted Sep 5th, 2013
We've had early previews thanks to leaks, but Chinese manufacturer Xiaomi -- more recently known as the new home of former Google exec Hugo Barra -- just took the wraps off of a new flagship Android phone and smart TV. The MI3 or MiPhone 3 is available with either a 1.8GHz Tegra 4 processor (on China Mobile's TD-SCDMA network) or Snapdragon 800 CPU (China Unicom and China Telecom, which are WCDMA and CDMA2000, respectively) that provide a 40 percent performance boost over the MI2S. It also sports a 5-inch 1080p IPS LCD built by Sharp or LG with "ultra sensitive touch" that works even when the user has wet hands or has gloves on. Other bits include 2GB of LPDDR3 RAM, 16GB for storage (with a nice 120MB/s read speed), a 3,050mAh battery, 13MP (Sony IMX135 sensor, F2.2 sapphire lens, dual LED) and 2MP camera setup, dual-band WiFi and NFC.
The 47-inch 3D-capable Xiaomi TV also runs the company's MIUI flavor of Android, supported by a quad-core Snapdragon 600 with 2GB of RAM and 8GB of storage behind an LG- or Samsung-built display. It even claims an "easy to use" remote with 11 buttons and Bluetooth 4.0. Shockingly, the TV will cost just CN¥2,999 (US$490), while the phone runs CN¥1,999 (US$330) for the 16GB version and CN¥2,499 ($410) for the 64GB.
AnnoyingOrange
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BBC News - China says Yunnan county 'faked' economic data
China's National Bureau of Statistics has said that a county government in Yunnan province "faked" economic data, state-owned Xinhua has reported.
Authorities "coerced local companies" to inflate the value of their output to boost economic figures, it said.
The county, Luliang, was also found to have faked investment numbers.
There have been concerns over the quality of Chinese data and analysts said the development showed that it was an issue policymakers needed to tackle.
"One has been hearing stories like this for some time now," said Patrick Chovanec, chief strategist at Silvercrest Asset Management.
"The fact that the government has now admitted that this happening confirms the doubts that people have had for a long time," he told the BBC.
'Enjoy favourable policies'
According to the Xinhua report, 28 companies in Luliang in south-west China reported a total of 6.34bn yuan ($1bn; £660m) in industrial output value in 2012.
However, initial calculations showed the actual value was less than half of that - 2.8bn yuan.
For their part, the companies alleged if they did not provide inflated data, then their reports were sent back by local government departments.
"They also said that fake reports would ensure they would enjoy favourable policies such as securing bank loans," the Xinhua report said.
The statistics bureau said that the issue had "seriously affected the authenticity and independence of company data".
The report also added that while it was not clear why the authorities had faked the data "it is a well-known fact that local government leaders are assessed for their performances based on economic data".
"Nice-looking data sheets mean promotion opportunities," it said.
Chinese county's fake economic data exposed
Fake economic data exposed - Headlines, features, photo and videos from ecns.cn|china|news|chinanews|ecns|cns
BEIJING, Sept. 5 (Xinhua) -- China's National Bureau of Statistics (NBS) on Thursday announced it had uncovered a serious case involving the faking of economic data by a county government in southwest China's Yunnan Province.
According to the NBS's publicized report, the government of Luliang had coerced local companies to report inflated industrial output value, resulting in artificially high economic figures.
Twenty-eight sampled local companies reported a total of 6.34 billion yuan (1.03 billion U.S. dollars) in industrial output value in 2012; however, the actual value was only 2.82 billion yuan, based on initial calculation, according to the report.
Similarly, 25 sampled local companies reported 2.74 billion yuan of industrial output value in the first half of 2013, but the NBS initially verified the actual value to be only 1.06 billion yuan.
Meanwhile, the county was also found to have faked investment data.
Companies complained that if they did not fraudulently report higher data, their reports would be returned by local government departments. They also said that fake reports would ensure they would enjoy favorable policies such as securing bank loans.
The NBS said that the misconduct has seriously affected the authenticity and independence of company data.
The NBS did not specify the reasons behind the county's faking of data but it is a well-known fact that local government leaders are assessed for their performances based on economic data. Nice-looking data sheets mean promotion opportunities.
In February 2012, the NBS launched a unified data collection system through which companies can send their data directly to the government's statistics center or authorized provincial branches, in an effort to ensure the authenticity of official economic data and dispel discrepancies in this field.
The scheme covers a total of 700,000 major enterprises, which contribute about 80 percent of the country's GDP. However, many other small and medium-sized companies as well as individual businesses are not included,
More sources:
http://www.tradethenewsroom.com/china-forced-admit-yunnan-province-exaggerated-output-data-2914
China's National Bureau of Statistics has said that a county government in Yunnan province "faked" economic data, state-owned Xinhua has reported.
Authorities "coerced local companies" to inflate the value of their output to boost economic figures, it said.
The county, Luliang, was also found to have faked investment numbers.
There have been concerns over the quality of Chinese data and analysts said the development showed that it was an issue policymakers needed to tackle.
"One has been hearing stories like this for some time now," said Patrick Chovanec, chief strategist at Silvercrest Asset Management.
"The fact that the government has now admitted that this happening confirms the doubts that people have had for a long time," he told the BBC.
'Enjoy favourable policies'
According to the Xinhua report, 28 companies in Luliang in south-west China reported a total of 6.34bn yuan ($1bn; £660m) in industrial output value in 2012.
However, initial calculations showed the actual value was less than half of that - 2.8bn yuan.
For their part, the companies alleged if they did not provide inflated data, then their reports were sent back by local government departments.
"They also said that fake reports would ensure they would enjoy favourable policies such as securing bank loans," the Xinhua report said.
The statistics bureau said that the issue had "seriously affected the authenticity and independence of company data".
The report also added that while it was not clear why the authorities had faked the data "it is a well-known fact that local government leaders are assessed for their performances based on economic data".
"Nice-looking data sheets mean promotion opportunities," it said.
Chinese county's fake economic data exposed
Fake economic data exposed - Headlines, features, photo and videos from ecns.cn|china|news|chinanews|ecns|cns
BEIJING, Sept. 5 (Xinhua) -- China's National Bureau of Statistics (NBS) on Thursday announced it had uncovered a serious case involving the faking of economic data by a county government in southwest China's Yunnan Province.
According to the NBS's publicized report, the government of Luliang had coerced local companies to report inflated industrial output value, resulting in artificially high economic figures.
Twenty-eight sampled local companies reported a total of 6.34 billion yuan (1.03 billion U.S. dollars) in industrial output value in 2012; however, the actual value was only 2.82 billion yuan, based on initial calculation, according to the report.
Similarly, 25 sampled local companies reported 2.74 billion yuan of industrial output value in the first half of 2013, but the NBS initially verified the actual value to be only 1.06 billion yuan.
Meanwhile, the county was also found to have faked investment data.
Companies complained that if they did not fraudulently report higher data, their reports would be returned by local government departments. They also said that fake reports would ensure they would enjoy favorable policies such as securing bank loans.
The NBS said that the misconduct has seriously affected the authenticity and independence of company data.
The NBS did not specify the reasons behind the county's faking of data but it is a well-known fact that local government leaders are assessed for their performances based on economic data. Nice-looking data sheets mean promotion opportunities.
In February 2012, the NBS launched a unified data collection system through which companies can send their data directly to the government's statistics center or authorized provincial branches, in an effort to ensure the authenticity of official economic data and dispel discrepancies in this field.
The scheme covers a total of 700,000 major enterprises, which contribute about 80 percent of the country's GDP. However, many other small and medium-sized companies as well as individual businesses are not included,
More sources:
http://www.tradethenewsroom.com/china-forced-admit-yunnan-province-exaggerated-output-data-2914
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