Economists raise growth forecast on China, following release of better-than-expected economic data
Some investment banks have raised their outlook on China’s economic growth.
Last week, the Chinese government announced that gross domestic product grew by 6.4% year-on-year in the first quarter of 2019. The figure surpassed the 6.3% expected by analysts in a Reuters’ poll. That seems to have led economists at some prominent investment banks to boost their growth expectations for China, as indicated by a CNBC report.
According to the report, economists at Barclays increased their China GDP growth forecast for the full-year to 6.5% from the previous estimate of 6.2 %, citing China’s first-quarter growth beat. The economists indicated better-than-expected effect of China’s government stimulus measures coupled with the apparent firming of the nation’s housing markets and an improving outlook on exports as factors behind their upward revision to growth prediction.
The report also mentions that Citi raised its annual GDP forecast to 6.6% from 6.2% on Wednesday, owing to what they perceived as higher optimism for a U.S.-China trade deal and improving domestic demand in China.
ING upped its estimate to 6.5% from its previous 6.3%, attributing the forecast revision to China’s infrastructure projects helped by stimulus, and 5G telecoms production in the first quarter.
Some other organizations, however, were a bit more cautious in their outlook albeit amidst increased optimism on first quarter growth.
J.P. Morgan economists expect “solid growth momentum” in the second and third quarters, but believe the impact would eventually taper off by the end of the year. They maintained their overall forecast for this year at 6.4%.
Standard Chartered left its full-year prediction unchanged at 6.4%, while maintaining caution against what they think are risks of over-optimism about China’s growth outlook.
MCHI in -1.70% downward trend, sliding for three consecutive days on October 22, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MCHI declined for three days, in of 318 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MCHI as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MCHI turned negative on October 07, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MCHI's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 66 cases where MCHI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
MCHI moved above its 50-day moving average on October 23, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCHI advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .
MCHI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 160 cases where MCHI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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