Chinese GDP on the Rise

Over the past few years investors have been cautious about investing in China. The country had developed to such an extent and at such a rapid pace that experts were concerned about China’s economic slowdown. That was also one of the key factors behind the oil crisis, since China demanded less oil than OPEC was producing for it. But now there was a glimmer of hope as data on China’s GDP for the last quarter of 2017 came in surprisingly positive. This is a first in the last seven years. China was able to recover somewhat based on improving export statistics. The boost in the GDP brought about by good trading data for the previous year is very good news to China. The country has vowed to switch to more environmentally-friendly industrial policies, an action that seems less threatening to the economy now that growth has been registered once more. However, on an international level some analysts have expressed a concern that the numbers might not be accurate and that the Chinese government is purposefully publishing reports with higher numbers.