Adam Wolfe on Bloomberg: Something Just Doesn’t Add Up in Chinese Trade Data
Beth McCann
9th AUG. 2022
Bloomberg’s Ye Xie and ASR’s Adam Wolfe discussed the unusual discrepancy that has showed up in two sets of trade data in China…
“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)
