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Inflated import invoices behind bulk of China's capital outflows: economists

Friday, March 4, 2016 - 05:50

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A paper by Deutsche Bank economists Zhang Zhiwei and Zeng Li pointed to the big gap between the total sum paid by importers and the sum recorded by Customs.

Beijing

INFLATED  import invoices account for the bulk of China's capital outflows and this could lead to tighter controls.

A paper by Deutsche Bank's China chief economist Zhang Zhiwei and colleague Zeng Li contends that the misreporting of imports and exports has been the key

sentifi.com

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