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 +3.83% Uptrend, growing for three consecutive days on June 24, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 172 cases where MCHI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where MCHI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on July 09, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MCHI as a result. In of 92 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 July 02, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCHI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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