China’s National Bureau of Statistics has issued feedback from its 2024 routine statistical inspection of the China Banking and Insurance Regulatory Commission, recognising steps taken to strengthen statistical work while identifying shortcomings in implementation, governance and data quality controls. The inspection team found that implementation of major Party and State Council decisions on statistical work was not fully in place, responsibilities to prevent and address statistical falsification were not sufficiently embedded and no dedicated accountability system had been established, with some statistical data assessed as inaccurate. It also identified weaknesses in fulfilling statutory statistical duties, including limited effectiveness of data quality controls, failure to submit statistical survey projects for approval or filing as required under the Statistics Law, uneven execution of departmental statistical reporting arrangements, and weak foundational capacity at the operational level. The National Bureau of Statistics recommended accelerating the development of a statistical indicator system for the financial “five major articles”, tightening accountability for preventing falsification, and rectifying issues rigorously on a case-by-case basis. Rectification progress must be reported back to the National Bureau of Statistics within three months and disclosed to the public in accordance with relevant rules. The Commission stated it would accept the findings and implement remediation measures, including strengthening approvals for statistical survey projects, reinforcing source controls and closed-loop management, improving training, and upgrading the regulatory statistics system to support longer-term mechanisms.

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