China Trade Surplus Seen by BofA at One-Tenth Customs Figure

China’s trade surplus is one-tenth the official $61 billion reported so far this year after accounting for fake transactions used to disguise hot-money inflows, Bank of America Corp. says. The true surplus is about $6 billion, according to Lu Ting, Bank of America’s head of Greater China economic…

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China Trade Surplus Seen by BofA at One-Tenth Customs Figure

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