Filed in the "are you kidding us" folder... Chinese exports rose an astaounding 14.5% YoY in July (the biggest surge since April 2013 and double the 7.0% YoY expectations). Chinese imports plunged 1.6% to 4-month lows, dramatically missing expectations of a 2.6% YoY gain. These miracles of goalseek.xls and fake trade invoicing left the Chinese Trade Balance for July at $47.3 Billion - its highest ever (ever) and almost double the $27.4bn expectations. In the midst of a collapsing European economies, plunging Russia, stumbling US macro data, the Chinese government would have us believe the world (net) bought the most ... (full story)