Jim Cramer Is Encouraged by Economic Numbers Out of China

Jim Cramer says the latest report on China's economic growth shows Chinese leaders have 'steadied the ship.'
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TheStreet's Jim Cramer says the latest report on China's economic growth shows that Chinese leaders have 'steadied the ship.' He believes China is changing its policy on state-owned enterprises, which have hurt companies like Alcoa (AA) - Get Report . Cramer is portfolio manager of the Action Alerts PLUS Charitable Trust.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.