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Chinese Phone Giant Admits To "Unprecedented Degree" Of Falsified Revenue

Fabricating data in China, it turns out, is not only a favorite government pastime. Publicly traded, if state-owned, phone giant Unicom Group fabricated financials relating to 1.8 billion yuan ($261 billion) in revenue over a five-year period from 2012 to 2016 - or as the company admitted, it engaged in an "unprecedented degree of falsified revenue." This is China we are talking about, where the definition of "unprecedented" is very different from the US.
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