Tuesday, April 15, 2014 Analyst: China's overblown trade data will skew analysis until JuneThe 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
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