The article is from a couple of days ago but for those who may have missed it there’s a clear discussion of the distortions on Chinese trade data of speculative capital inflow disguised as trade transactions:
Companies that cannot legally move money into the country for the purpose of currency speculation often try to circumvent China’s capital controls by overstating trade invoices, thereby disguising investment funds as payments for goods and services sold overseas,
Analysis: Yuan speculators muddle China’s exports, complicating reform
Also, more here:
