More mass fake invoicing out of China

FXstreet.com (Barcelona) - Following the crackdown in fake invoicing out of China from earlier this year, the Chinese regulator body SAFE (State Administration of Foreign Exchange) found an additional 112 companies involved in fake export transactions. According to headlines: "SAFE has posted a statement on its website that it has found 112 companies involved in fake export transactions" adding "fake invoicing has been used to bring capital into the country to benefit from the rising yuan."