Yesterday, we saw $NIO 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.

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."