Thursday’s ETF To Watch: China Energy ETF

Although many industrialized nations have seen growth levels slow to a crawl, some emerging markets have begun to pick up the slack and continue to expand at impressive rates. Despite a ’slowdown’ in China, the country’s economy is still expected to grow by 9.2% this quarter and between 8% and 8.5% in the fourth quarter. These growth levels have allowed the world’s most populous country to overtake Japan as the second biggest economy with a national GDP of $1.3 trillion. This growth has put tremendous pressure on the country to ramp up oil and gas production in order to make sure the economy runs smoothly and that growth is not interrupted in order to preserve social order in the still relatively poor nation. One of the most important companies in China’s energy puzzle is the China National Offshore Oil Corp, or CNOOC as it is usually known. While the company [...] Click here to read the original article on ETFdb.com. Related Stories: What’s Fueling The China Energy ETF (CHIE)? Global X Launches China Energy ETF Five Energy ETF Options For Bargain Hunting Investors