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Skeptical Chinese Data Casts Doubt On Expected Growth

5 years ago39 views

IBTimes

IBTimes

China's run of better- than-forecast export growth has analysts suggesting that the country may be hiding slower than expected growth. Mark Otto, director with trading firm Knight Capital Group Inc., weighs in with IBTimes TV on the latest Chinese macrodata as well as a preview of China's GDP forecast.Bloomberg News reported that Goldman Sachs, HSBC and Nomura theorize that companies may be inflating the value of shipments to bring money into China and evade currency controls and that companies might be exporting the same goods twice to claim tax rebates.China's GDP is released April 15 and the country forecasts that its economy will grow around 8 percent.

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