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Noticias de trading
8 May 2013
China trade surplus stronger-than-expected
FXstreet.com (Barcelona) - China April trade balance came at $18.16bn vs. $16.15bn expected. Imports (YoY) in April stood at 16.8% vs 13.9% expected and 14.1% prior, while exports (YoY) came at +14.7% vs 10.3% expected and 10.0% last.
It has been widely reported though that recent China's trade numbers appear to be showing some suspicious discrepancies with what economists believe to be softer imports, thus raising concerns over the quality of data.
Recently, it has been said that "the breakdown of exports by destination veers towards the absurd," IHS economists Xianfang Ren and Alistair Thornton said. "There is plenty of anecdotal evidence to suggest exporters are faking orders" to obtain export-tax rebates, IHS said, cited by the independent.
It has been widely reported though that recent China's trade numbers appear to be showing some suspicious discrepancies with what economists believe to be softer imports, thus raising concerns over the quality of data.
Recently, it has been said that "the breakdown of exports by destination veers towards the absurd," IHS economists Xianfang Ren and Alistair Thornton said. "There is plenty of anecdotal evidence to suggest exporters are faking orders" to obtain export-tax rebates, IHS said, cited by the independent.