Tuesday, April 15, 2014

Analyst: China's overblown trade data will skew analysis until June

The inaccuracy of China's trade data will skew the analysis of the country's imports and exports until at least June 2014, making it harder to accurately assess state of the globe's largest exporter and second-largest economy, Bloomberg reports.

In June China will provide figures that compare to what Royal Bank of Scotland Group economist Louis Kuijs says are "pretty clean" numbers from May 2013 that sprang from a crackdown on the use of exaggerated invoices to hide capital inflows.

Recent government data indicates that China's March exports unexpectedly fell 6.6 percent year-over-year marked the peak of distortions, RBS said.

China's reluctance to adjust the overblown figures leaves the job of explaining the trade distortions to analysts.

"It's frustrating because you have to do a lot of explanation," said Kuijs, chief Greater China economist, who formerly worked at the World Bank. "People see a very weak number and then you need to explain that the reality is not so bad because of very complicated reasons that included fake invoices and stuff. It makes all of us doubt more about what the reality really is."

For more of the Bloomberg story: bloomberg.com



More Newswire stories

NRF: Expedite labor contract talks at West Coast ports

Global impact of strike at Baltimore port affects contract talks

ICTSI to invest $130M in Iraqi port

Shipping container of refrigerators washes up in New South Wales



Today's Cargo News Archives

 




Home | The Magazine | Conferences | Port Handbooks | Newswire | Advertise | Ocean Schedules | Contact
CBN Archives | About CBN | Subscribe to CBN | Heartland Shippers’ Conference | CalExport Conference | Southeast Freight Conference | Port Productivity Conference | Pacific Northwest Ports Handbook | Golden Gates Ports Handbook | Southern California Ports Handbook | Buy Handbooks | Subscirbe to Newswire | Newswire Archives | Upload Files