Economists Thanks: Chinese Economy and John Vail

economists thanks: Meanwhile, industrial production rose by 8.5%, well above the 6% forecast by economists, according to Market Watch. These numbers follow better-than-expected data on credit growth, a key metric that signals whether China will maintain the kind of investment in infrastructure, real estate and capital goods that have been the main driver of its growth in recent years. The Chinese economy grew 6.4% in the first quarter, compared with the year-ago period, above the 6.3% rate expected by economists, according to Fact Set, and maintaining the pace seen in the final quarter of 2018. Thanks to significant but not huge stimulus, the Chinese economy is picking up somewhat, John Vail, chief global strategist at Nikko Asset Management, told Market Watch, referring to measures the Chinese government has taken to cut taxes on businesses and consumers, and to encourage new bank lending. Indeed, several major companies like Apple Inc. These should be welcome data for U.S. multinational companies, given that China has become a key export market for many American corporations. (news.financializer.com). As reported in the news.