Mainland imports of goods from the mainland via Hong Kong (left) and foreign value-added content of China's exports
Tom Holland
Opinion

Opinion

Monitor by Tom Holland

Claims China is world's No 1 trading economy are nonsense

The high import and export numbers are distorted by domestic firms fiddling taxes and the country's heavy involvement in processing trade

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Mainland imports of goods from the mainland via Hong Kong (left) and foreign value-added content of China's exports
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years