A Similar Gap in Korea Imports: Evans-Pritchard

The video discusses trade discrepancies between China and Hong Kong, focusing on precious metals and stones. It highlights how these discrepancies are used to bypass capital controls, with similar issues noted in trade with Korea. The video also examines the impact on import and export growth, the reliability of trade data, and factors contributing to China's economic growth, such as a strong service sector and employment rates.

What is the main reason for the trade discrepancies between China and Hong Kong?

• Underreporting of exports by Hong Kong

• Increased demand for precious stones

• Overvaluation of precious metals by Chinese customs

• Differences in currency exchange rates

What is the term used to describe the practice of importing and exporting the same goods to manipulate trade data?

• Trade cycling

• Double counting

• Data looping

• Round-tripping

How did removing precious metals from trade data affect the growth figures?

• It showed lower import and export growth

• It increased the reported growth rates

• It had no significant impact

• It only affected export growth

What sector has contributed significantly to China's GDP growth despite a slowdown in the property sector?

• Agricultural sector

• Manufacturing sector

• Service sector

• Technology sector

Why have policymakers not responded aggressively to economic weaknesses?

• Due to international trade agreements

• Because of a stable property market

• Due to high inflation rates

• Because employment has remained strong