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Also re: the previous bullet: - Lights Are....>

CHINA
CHINA: Also re: the previous bullet:
- Lights Are On but No One's Working: How Local Governments Are Faking
Coronavirus Recovery (Caixin)
- Local companies and officials are fraudulently boosting electricity
consumption and other metrics in order to meet tough new back-to-work targets as
the spread of Covid-19 in China wanes, a Caixin investigation has found. As new
coronavirus cases in China slowed in recent weeks, local governments in
less-affected regions pushed companies and factories to return to work,
typically by assigning concrete targets to district officials. Company insiders
and local civil servants told Caixin that, under pressure to fulfill quotas they
could not otherwise meet, they deftly cooked the books.
- Link: https://tinyurl.com/shwyqou
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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