日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Fake invoice evidence mounts as HK trade gap widens

(Agencies) Updated: 2014-10-29 07:11

The gap between the Chinese mainland's reported exports to Hong Kong and the city's imports from the mainland widened in September to the highest level this year, suggesting that fake export-invoicing is again skewing trade data.

The mainland recorded $1.56 of exports to Hong Kong last month for every $1 in imports Hong Kong registered, leading to a $13.5 billion difference, according to data compiled by Bloomberg.

Hong Kong's imports from the mainland climbed 5.5 percent year-on-year to $24.1 billion, figures showed; the mainland's exports to Hong Kong surged 34 percent to $37.6 billion, according to mainland data released on Oct 13.

While the Chinese government has strict rules on capital inflows, those seeking to exploit yuan appreciation can evade the limit by disguising money inflows as payment for exports to various markets, especially Hong Kong. The latest trade mismatch coincided with renewed appreciation of the yuan, leading analysts at banks and brokerages including Everbright Securities Co and Australia & New Zealand Banking Group Ltd to question the export surge.

"This is definitely another important piece of evidence of over-invoicing exports to Hong Kong to facilitate money inflow into the mainland," said Shen Jianguang, chief Asia economist at Mizuho Securities Asia Ltd in Hong Kong. "So we shouldn't be too optimistic about recent export data from China."

Doubts over the statistics raise broader concerns, as a surge in exports was believed to have underpinned economic growth in the third quarter. Shen said that the nation's economic outlook is "challenging" and more easing is "necessary".

Data on Tuesday added to evidence of moderating economic growth. Industrial profits rose 0.4 percent in September from a year earlier, following a 0.6 percent decline in August - the weakest two months since mid-2012.

Although a rapid increase in luxury goods shipments suggests that some of the exports to Hong Kong should be attributed to capital inflows, exports of processed goods including Apple Inc's iPhone drove the September surge, said Hua Changchun, a China economist at Nomura Holdings Inc in Hong Kong.

"The fake invoicing problem is not as severe as last year," Hua said.

Worries about distortions had abated this year after a government crackdown and as the yuan dropped.

Companies have "faked, forged and illegally re-used" documents for exports and imports, Wu Ruilin, a deputy head of the State Administration of Foreign Exchange's inspection department, said at a news conference in Beijing last month.

Fake invoice evidence mounts as HK trade gap widens

Fake invoice evidence mounts as HK trade gap widens

Investors face disconnect as 'through train' stalls HK retail sales sink amid protests

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲视频一区二区在线观看 | 黄色av网站在线免费观看 | 色视频在线播放 | 男女羞羞网站 | 丁香久久久 | 欧美网站在线观看 | 国产黄色网址在线观看 | av黄在线| 欧美性精品 | 日韩在线观看一区二区三区 | 国产一区二区三区免费看 | 欧美人与性动交g欧美精器 久久久午夜精品 | 亚洲成人精品在线观看 | 日日摸日日干 | 黄大色黄大片女爽一次 | 国产精品探花视频 | 国产精品永久免费视频 | 久久不卡一区 | 亚洲精品福利 | 老女人性淫交视频 | 国产另类xxxxhd高清 | 成人精品二区 | 亚洲永久av | 自拍偷拍视频网站 | 自拍偷拍欧美 | 黄色精品在线观看 | 国产精品视频www | av资源在线看 | 亚洲激情国产 | 亚洲精品视频二区 | 国产三级精品三级 | 国产三级在线看 | 亚洲天堂男人网 | 男人的天堂视频在线 | 色先锋影音资源 | 日韩av一| 国产精品视频网址 | 久久精品区 | 自拍亚洲国产 | 日韩精品在线不卡 | 国产精品又黄又爽又色 |