Lies, Damn Lies, and Statistics

Maybe Chinese exporters are overstating their exports, in general and to the United States. Overstating exports is a classic way of getting capital into a country with capital controls.

Or, maybe US tariffs have created a strong incentive for firms importing into the United States to go to some lengths to understate their imports from China. Thus, U.S. imports from China are now likely under-counted (which by implication holds the bilateral trade deficit down).

https://www.zerohedge.com/markets/bizarre-discrepancy-emerges-trade-data-between-us-and-china

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