China’s great fake trade scam
Jul 29, 2013
China’s fishy trade export data raises eyebrows
The country’s most recent import/export data indicates the old trade scam of over-invoicing is creeping back.
After China’s July trade data dump last week on August 5, many economists praised stronger-than-expected numbers and a rebound in China trade. But a few data points indicate the heightened return of suspect trade practices, such as trade over-invoicing, the act of reporting a price or quantity higher than is being paid.
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