Reports of economic crimes rapidly increased in 2012 during a six-month campaign by Chinese public security authorities, an analysis shows.

From March to August last year, police cracked about 229,000 cases, more than twice the number in 2011, and recovered economic losses of 54.5 billion yuan ($8.7 billion), according to a report by the Chinese Academy of Social Sciences.

According to the Supreme People's Procuratorate, 53,558 people were arrested for damaging the Chinese economy between January and October 2012, a 59.4 percent year-on-year increase.