I think without knowing the background of the whole story (and I doubt OP will provide us with it) it's hard to guess what exactly were the circumstances.
But I'd wager the guess that OPs name has now - at the very least - been put on a list that will require more extensive checks in the future if applying for a visa.
Unfortunately he doesn't provide any further information, and appears to be a "one-post-wonder".. so all we can do is to speculate.
Since I doubt you'd provide a fake statement if you actually got the funds, one must assume that he either suddenly improved his wealth situation somewhat he could now legally pass the requirement, or that he otherwise doesn't have to provide such statement anymore (change of nationality, for an example)
But in any case, he'd probably still have to take up a talk with the Chinese embassy (probably better over hitting a random consulate) and explain the reasons why he cheated, and what changed since.