Phantom Goods Disguise Billions in China Illicit Money Flows

``A steep rise in China's reported imports from Hong Kong has raised concerns that trade invoices are being manipulated to get capital out of the country amid fears the yuan will continue to weaken. February data released Tuesday show those imports jumped 89 percent from a year earlier, even as total imports fell 14 percent. While the rise wasn't as great as in January, economists said the spike follows similar patterns in recent months that point to companies using trade channels to pay for goods far in excess of their value or even that don't exist at all.''