After developing at a dramatically rapid rate for years, China slows down a little bit recent year. As the world’s second-largest economy after the United States, China announced that it grew 6.9 percent in the first quarter, which is slightly higher than the prediction that China would again report 6.8 percent growth for the first quarter. The higher growth rate was due to construction industry’s heavy use of steel, which had been expected to slow, while investment in electronics factories rose as overseas demand strengthened.
According to the article, although the economy grew at a decent rate, the Government data still reflected some warning signs. Government might manipulated the data by using policy and statistical sleight-of-hand to achieve steady results. Therefore, it is possible that the released data is not reliable.
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