With the slowdown in economic growth in recent years and the external pressure brought about by the U.S.-China trade conflict, the market has been pessimistic about the Chinese economy in 2019. However, according to the macroeconomic data revealed by the authorities in the first quarter of this year, the economic growth rate in China was 6.4 percent — this figure exceeded expectations.
As a result, some are beginning to take the more optimistic view that China’s economy has bottomed out and is beginning to rebound, and are also expecting that monetary policy will be tightened. This expectation, coupled with poor communication with regulators, has led to a continuous decline in the capital market.
Based on April’s macroeconomic data revealed by the Chinese National Bureau of Statistics (NBS) on May 15, we need to readjust and make a more objective assessment of the Chinese economy this year.