China’s “fake exports” plummet since trade invoicing clamp down
The discrepancy between China and Hong Kong's export/import data has narrowed to $6.3 billion in June after China's FX regulator started targeting fishy trade invoicing in April.
The yawning gap between China’a trade data on exports to Hong Kong and Hong Kong’s China import data has narrowed since State Administration of Foreign Exchange (Safe), China’s foreign exchange regulator, began clamping down on fishy export activities in April.
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