Goldman: China's Economy Is Improving, But Concerns Remain

“Investors across mandates are of the view that the fundamental backdrop for China macro has noticeably improved,” notes a recent portfolio strategy research report from Goldman Sachs which is more bullish on the China’s Economy. The report, which was released at the end of last week notes that after a strong set of first-quarter economic performance figures from Asia’s largest economy, investors’ view of China has suddenly improved from the skeptical stance previously adopted. Specifically, the report notes: “A combination of solid 1Q macro statistics (11.8% nominal GDP growth, 7.5% PPI), 28.3% yoy growth in Jan-Mar industrial profits, and 21%…