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00:00MERRILL LYNCH, AND JOINING US IS CHRIS WATLING OF LONGVIEW ECONOMICS. BASICALLY THEY ARE SAYING WE DON ' T NEED TO DO MORE STIMULUS. > > I THINK THEY ARE SIGNALING THEY DONE AN AWFUL LOT. FIRST ORDER GROWTH YEAR ON YEAR, THEY HAVE BEEN HITTING THE ACCELERATOR QUITE HARD. THERE ' S NO DOUBT THAT THE CHINESE DATA HAS TURNED, AND THE CYCLE HAS CLEARLY TURNED. HE START MARKET -- THE STOCK MARKET IS ON A TEAR. DAVID: THEY ' VE DONE AN AWFUL LOT. IS IT ENOUGH TO SUSTAIN GLOBAL GROWTH? CHRISTOPHER: I THINK THEY DID ENOUGH. ALIX: FRANCISCO, HOW DO YOU WEIGH IN ON THIS? CHINA IS GOING TO BE THE KEY ENGINE OF GROWTH. DO YOU SEE THAT PLAYING OUT? FRANCISCO: IF YOU LOOK AT THE SALES OF VEHICLES, CARS, OTHER APPLIANCES IN CHINA, IT ' S BEEN PRETTY DEPRESSED FOR QUITE SOME TIME. STIMULATING THE CONSUMER THROUGH DIFFERENT FISCAL MEASURES I THINK SHOULD BE QUITE POSITIVE FOR THE YEAR. IN SOME WAYS, THEY HAVE AN OPPORTUNITY TO KEEP PUSHING GROWTH HIGHER AND STIMULATE IT WHERE IT MATTERS MOST, WHICH IS HELPING FOR MOST OF 2018. TO ME, I THINK THE DATA POINTS ARE COMING IN A LITTLE BIT BETTER. THE ONE THING THAT HAS NOT REALLY IMPROVED MATERIALLY, WE JUST HAVE SCATTERED DATA POINTS, AND THAT IS WHY I THINK THE U.S./CHINA TRADE DEAL IS SO KEY TO THE OUTLOOK FOR THE NEXT 12 TO 18 MONTHS. REMEMBER, IF WE GET THAT TRADE DEAL DONE AND THAT STIMULATES A WHOLE BUNCH OF COMMERCE BETWEEN CHINA, U.S., AND THE REST OF ASIA, WE WILL ALSO LET THE GERMAN ECONOMY, WHICH HAS BEEN THE WEAKEST LINK IN EUROPE IN THE PAST FEW MONTHS. ALIX: AND THE QUESTION IS

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China's Done Enough to Turn Global Economy Upwards, Longview CEO Says

Chris Watling, chief executive officer and chief market strategist at Longview Economics, and Francisco Blanch, head of global commodities at Bank of America Merrill Lynch, discuss signals that the Chinese government may be done adding stimulus for now. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)

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