Adam Wolfe on Bloomberg: Something Just Doesn’t Add Up in Chinese Trade Data

“Comparing the Customs data with that from the State
Administration of Foreign Exchange (SAFE),

China’s trade surplus could either be overstated or
under-reported by a staggering $166 billion over the past year….”

Could Chinese buyers overstate their foreign purchases to
SAFE, which regulates the capital account, so they can move
money out of the country?

Adam noted, “The cross-border transactions show
there was widespread overpaying for imports in 2014-2015, during
a period of intense capital flight, but not at the moment”

• ASR Clients can read about why the discrepancy does not look like      capital flight in Adam’s note on China’s trade surplus: a trillion dollar question

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• To read the complete Bloomberg article, click HERE (Bloomberg terminal required)