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HK-China trade data gap widens to US$13.5b
Discrepancy a sign of more fake export-invoicing, leading to distortion of economic figures
Published Tue, Oct 28, 2014 · 09:50 PM
Beijing
THE gap between China's reported exports to Hong Kong and the territory's imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again skewing China's trade data.
China recorded US$1.56 of exports to Hong Kong last month for every US$1 in imports Hong Kong registered, leading to a US$13.5 billion difference, according to government data compiled by Bloomberg.
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