Chinese companies are being punished for falsifying statistics they report to government statistical bureaus. Since last year the National Bureau of Statistics has been checking local statistics for falsification and misreporting. The Bureau has caught 97 companies in five provinces who will be assessed penalties, have their names published on a black list, and be reported to the "Credit China" web site and a national credit information sharing system. A list of 45 companies in Liaoning, Anhui, Fujian, Shandong, Sichuan, and Guizhou guilty of severe statistical falsification was published with the article. Another 54 companies have a second chance before they will be sanctioned.
Chinese propagandists appear to have given up on soybean self-sufficiency now that China has gained the upper hand over the U.S. on the soybean trade war front. The barrage of Chinese articles about finding soymeal substitutes, low protein animal diets, corn-soy intercropping, etc. has quietly faded from Chinese media. China's plan to bolster soybean self-sufficiency actually failed, but Brazil's bottomless soybean supplies nevertheless enabled China to snub U.S. soybean producers during last year's trade war. Xi Jinping now is free to make offers of soybean purchases to President Trump in trade negotiations without appearing to do so from a weak position. Mission accomplished, but not in the way Chinese strategists planned. Back in 2019--at the height of the first U.S.-China trade war--China's "Number 1 Document" announced a "soybean revitalization plan" to increase self-sufficiency in soybeans. Soybeans were pronounced to have strategic significanc...
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