China’s statistics chief detained in graft investigation

FXStreet (Bali) - While hardly surprising, given the constant suspicion of massaging economic data, the South China Morning Post reports in its morning edition that China’s statistics chief Wang Baoan has been detained in graft investigation.

Jun Mai from the SCMP notes: "The Communist Party’s anti-graft watchdog made the dramatic announcement about National Bureau of Statistics chief Wang Baoan just as state radio aired comments Wang made earlier in the day at a press conference on the economy."

SCMP adds: "The Central Commission for Discipline Inspection said Wang was under investigation for “suspected serious violations of discipline”, a phrase that often refers to corruption. The CCDI’s statement was brief and did not suggest what the case might involve."