(Ansuya Harjani – CNBC)
Exports are regarded as the bright spot in China’s slowing economy, but growing evidence suggests mainland firms are "over-invoicing" outbound shipments, inflating the trade data, say economists.
"When China’s external trade data for September came out two weeks ago, we were surprised by the apparent strength of exports. The Hong Kong trade data released [on Monday] suggests that renewed over-invoicing may be part of the reason for China’s strong September export data," said Louis Kuijs, chief China economist at RBS.
China’s exports rose 15.3 percent on year in September, beating a median forecast in a Reuters poll for a rise of 11.8 percent, following a 9.4 percent rise in August. Read more here.