The Chinese economy is flying again, and it does so even by improving market expectations. In fact, the Asian giant recorded in the fourth quarter of 2017 a GDP growth of 6,8% on an annual basis, more than the 6,7% expected on average by analysts. For the whole of 2017, according to reports from the National Bureau of Statistics in Beijing, the increase was 6,9%, from 6,7% in 2016, marking the first acceleration in 7 years.
In fact, it was since 2010 that China's growth rate had not risen like this from one year to the next, and also in this case the data beat the forecasts: the Government had stopped at 6,5% while a +6,8% had been hypothesized in recent estimates by the World Bank and the International Monetary Fund. It should also be added that 6,7% in 2016 was the least brilliant performance of the last 26 years, even if in 2018 this negative record could be revised: economists on average expect a reduction in growth to around 6,5% for the current year.
In the meantime, another positive signal has arrived on the foreign trade front, which according to official data recorded a 14,2% expansion last year. after a couple of years of contraction.
