A front-page commentary in the official China Securities Journal says:
- The government hasn’t managed to expunge faked export data from national trade statistics
- Non-existent registered companies have been booking exports that don’t exist
- This is pushing up export growth numbers
- There are, unfortunately, no further details provided in the report
(via MNI)
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The record trade surplus has been the subject of much attention:
China International Capital Corporation outlook for China trade and the currency
and Citi on “the strong trade balance and favourable global capital flow supports CNY CNH bullishness
