Accounting for discrepancies in bilateral trade: The case of China, Hong Kong, and the United States
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Abstract
China's reported exports to the United States have long been smaller than U.S.-reported imports from China. Earlier explanations for this focused on re-exports through Hong Kong, and appeared to account for most of the difference. Now, even after taking Hong Kong into account properly, there has emerged a new and growing discrepancy which amounted in 2005 to 46 billion,perhaps2059 billion.