China false foreign trade data exposed and contained

By | June 10, 2013

China false foreign trade data exposed and contained

China General Administration of Customs released the latest import and export data on the 8th of June which showed that both import and export growth in China in May dropped significantly, the concerned export value increase has dropped from April’s 14.7% to only 1%, while imports growth dropped from 16.8% to 0.3%.

After regulatory authorities’ strict regulatory actions against the RMB arbitrage and false trades targeting for the export tax rebates as well as other means to purge false trade, false foreign trade data finally got contained.

Source: Tencent Finance

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