China may be the #1 exporter in the world, or not... China trade statisitics
The latest suspicions about the accuracy of the trade figures follow similar questions over September data, meaning net exports likely gave less of a lift to third quarter economic growth than reported figures suggest. It also adds to persistent signs of fragility in the world's second-biggest economy.
The September data showed a substantial gap between what China said it exported to Hong Kong and what Hong Kong said it imported from the mainland. Economists say signs of hot money inflows suggest firms may be trying to evade capital controls by over-invoicing sales of items such as precious metal sales.
In the October figures, customs data showed China's exports of precious metals and jewelry rose 187 percent from a year earlier, although the pace eased from a 678 percent jump in September.
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