Off the wire
• EU offers Afghanistan 13.4 mln USD: statement  • China "seriously concerned" about DPRK satellite launch plan  • Hong Kong stocks close 2.34 pct lower  • All 7 suspects of Zika virus in S.Korea test negative  • 2nd LD Writethru: Tokyo stocks plunge as oil price slump sparks fears for global economy  • CPC expels deputy head of Heilongjiang legislature  • S. Korean politicians urge DPRK to drop rocket launch plan  • Commentary: No reason to expect sharp depreciation of Chinese yuan  • Bogota firefighters work hard to put out forest fire in eastern mountains  • Roundup: Photo exhibition to mark 40 years of China-Bangladesh ties enthralls visitors  
You are here: 　 Home

Mainland attributes HK trade data discrepancy to math

Xinhua, February 3, 2016 Adjust font size:

A massive discrepancy between the amount of goods the Chinese mainland claims to have exported to Hong Hong and the amount Hong Kong says it received was down to difference in how the two sides worked out the figures, an official said on Wednesday.

According to the General Administration of Customs, the value of mainland exports to Hong Kong in December totalled 46 billion U.S. dollars, almost double the figure provided by Hong Kong.

Products assembled in the mainland but originating elsewhere and transshipment goods shipped to Hong Kong from the mainland were not included in the data provided by the Hong Kong authorities, Ministry of Commerce spokesperson Shen Danyang said at a press conference.

Interest rate vibration and carryover effect also contributed to the discrepancy, Shen said. Endi