“Something funny is happening at the Hong Kong border. Every month, billions of dollars worth of exports simply disappear on their way out of China, but they’re not vanishing into a wormhole. They never existed in the first place. In the first half of 2013 alone, nearly $100 billion sneaked into China in the form of faked export invoices, according to research by non-profit Global Financial Integrity. Every time China reports a bounce-back in exports, some read it as a sign of a ‘soft landing,’ or that the economy is recovering from its increasingly wobbly state. GFI’s report is another reminder that Chinese trade data can’t be trusted as a sign of what’s really going on in its economy.”
http://qz.com/164743/how-more-than-100-billion-in-secret-cash-was-smuggled-into-china-last-year/
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