Doubts Arise Over China's Unexpected Trade Surge

In September, Hong Kong surpassed the US as China's top trading partner, raising questions among analysts. A significant 34% surge in exports to Hong Kong was noted, possibly due to overpricing and overreporting. This trend mirrors past issues that led to government crackdowns. Despite a 15.3% rise in exports, higher than the forecasted 12%, China's stock markets saw a slight decline. Concerns about fake invoices and manipulated data persist, especially with shipments of precious metals. The upcoming Hong Kong Shanghai Connect and future trade reports may shed light on these discrepancies.

Which country became China's top trading partner in September, surpassing the US?

• Hong Kong

• India

• Japan

• Australia

What percentage of China's exports went to Hong Kong?

• 12.5%

• 17.6%

• 20.1%

• 15.3%

What issue did analysts raise about the surge in exports to Hong Kong?

• Lack of government support

• Decrease in demand

• Underreporting of exports

• Overpricing and overreporting

What historical event is mentioned in relation to the current export data concerns?

• The 2008 financial crisis

• The 2013 export surge

• Government crackdowns earlier this year

• The 2015 stock market crash

What upcoming initiative is expected to attract overseas capital?

• Asian Infrastructure Investment Bank

• China's New Silk Road

• Hong Kong Shanghai Connect

• Belt and Road Initiative