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Yesterday, we saw $NIO-0.2% stock shoot up more than 11%.

This is because the company's CEO, Li Qiang, predicted at the World Economic Forum on Tuesday that China's economy will grow faster in Q2 than the 4.5% rate it grew at in Q1, and further claimed that it is on track to achieve annual growth of around 5%.

In addition to Qiang's overall bullish view on the Chinese economy, investors are stepping on the pedal with regard to buying Nio stock because of its focus on clean energy-related companies.

NIO

NIO

NIO
$5.21 $0.0089 -0.17%
Capital Structure
Market Cap
10.0B
Enterpr. Val.
89.4B
Valuation
P/E
-3.0
P/S
1.3
Dividends
Yield
-
Payout
-

Qiang also said during his speech:

"We will introduce more practical and effective measures to expand domestic demand potential, activate market vitality, promote coordinated development, accelerate ecological transformation and promote high-level openness to the outside world."


Nice, very nice :)

Nice, very nice :)

I like news like that too, only with my $30 purchase I'm happy for any percentage up😭.

I had one too... averaged it down to $18 :-D

Nice, I'd rather not put any more money into China.

I read a lot about them, the company is going in a good direction, they have some interesting collaborations and partnerships there now that can help them grow in other markets. But I would wait until they are in profit in this case as well, until then I'm not moved.

It was a nice ride out there yesterday. Catching up with the growth of $PLTR-1.2% and others. As long as the eventual crash is not at a similar pace

I would be cautious about the outlook for China's economy, it is not so rosy there. I think they'll be happy if they meet the estimates.