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Default - 03-13-2018, 12:45 AM

BEIJING, April 27 (Xinhua) -- Official figures published by China's National Bureau of Statistics earlier this month suggested that the country's economy was off to a good start in the first quarter of 2016.

However, the BBC, Britain's major broadcast service, voiced suspicions right after the numbers were released, saying local governments and enterprises had massaged the numbers so as to meet growth targets.

Chinese economic data are often questioned by skeptics, but a recent report by the Federal Reserve Bank of Kansas City showed that such skepticism is groundless. Its authors found that China's official gross domestic product (GDP) data are a reliable indicator of the country's economic growth and provide an accurate picture of the economy as a whole.

The Fed study, which constructed an alternative measure of China's real GDP growth, said its measure aligns well with China's official GDP figures.

The alternative model uses a series of sectoral data that capture the strength of key sectors of the Chinese economy from the fourth quarter of 2008 to the fourth quarter of 2014, said the study, adding that it captures the variations in Chinese GDP growth fairly well and explains about 99 percent of Chinese economic growth during this period.

Michael Parker, economist for Bernstein Research in Hong Kong, also disagrees with the skeptics. "The idea of getting tens or maybe hundreds of thousands of accountants and statisticians across China to march consistently in a crooked line -- and to do that for a decade or more -- sounds, to us, implausible," he said.

Indeed, the fact that China has had tremendous growth over the past three decades simply goes against such scepticism. Observers have said China's family wealth is still significantly underestimated.

Actually, some Western media are strongly prejudiced against the reliability of China's statistical figures because they always overlook the following facts: firstly, China, over the years, has dedicated itself to improving its statistical benchmark, which has already been geared to international standards; and secondly, China has already adjusted its officials' performance evaluation system in an effort to ease local governments' urge to massage the growth figures.

On Oct. 8, 2015, China's central bank announced that China's official statistics will conform to the Special Data Dissemination Standard (SDDS), a statistical system created by the International Monetary Fund (IMF) to improve transparency.

Since 2002, China has used the General Data Dissemination System (GDDS), which the IMF set up in December 1997 to provide a framework for countries to adapt and improve their statistical systems.

The GDDS is applied to all IMF members, while the SDDS is applied to member countries that have or are seeking access to international markets, and participation in the SDDS is expected to enhance a country's availability of timely and comprehensive statistics and contribute to the pursuit of sound macroeconomic policies.

"The subscription to the SDDS underscores China's strong commitment to transparency as well as to the adoption of international best practices in statistics," said David Lipton, first deputy managing director of the IMF.

Meanwhile, against the backdrop of its economic transition, the Chinese government has pledged to cut the weight of GDP when assessing the work of local governments in an attempt to bring the country's economy onto a more sustainable track.

In 2013, the Organization Department of the Communist Party of China (CPC) Central Committee issued a document, promising to shift away from GDP-focused assessments of local governments.

NAIROBI Air Force 1 High , Feb. 11 (Xinhua) -- Two Kenyan athletes who failed doping test at the Beijing World Championships last year have accused Athletics Kenya chief executive Isaac Mwangi of seeking 48,000 U.S. dollars to reduce their suspension period.

The two Air Force 1 , ironically members of the Kenya police force Joyce Zakary and Francisca Koki Manunga, did not report the case to the authorities for further investigation. However Cheap Nike Air Force 1 , they have handed the information to the newly appointed investigation team led by former judge Sharad Rao.

Former AK President Isaiah Kiplagat, Vice President David Okeyo and former AK Treasurer Joseph Kinyua are suspended for abetting doping and soliciting money from athletes whose test have turned positive to cover it up or reduce their suspension period.

But the new accusation against Mwangi takes the matter a notch higher as he is said to have demanded 24 Nike Air Force 1 Sale ,000 U.S. dollars bribe from each athlete to reduce their suspensions.

Sakari and Manunga said Mwangi asked for the payment in a meeting on October 16, 2015 Nike Air Force 1 Mens , but that they could not raise the money. They were informed of their four-year bans in a Nov 27.

They opted not to reveal the information to the police because they felt they did not have enough evidence to pin him down and also feared repercussions. But they have informed Rao of the same.

Mwangi had promised to hand them two year bans and not the four year suspensions, which they are currently serving.

IAAF has confirmed that the allegations have been passed to their Ethics Commission for further investigation.

The Athletics Kenya chief executive Nike Air Force 1 *****s , who has previously vowed that the organisation would take drastic measures in a bid to prevent the continued pattern of doping in Kenyan athletics, has denied the allegations. Enditem

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