'China isn’t going to implode:' A Wall Street chief strategist breaks down why the nation's latest economic warning isn't a disaster, and outlines the path higher for US stocks

, BTIG strategist Julian Emanuel says US stocks will have a strong year as investors react to better corporate earnings and China keeps growing.

The latest development is that China's government is now forecasting growth of 6% to 6.5%, down from its earlier — and firmer — 6.5% target. It said the trade dispute with the US was harming its economy andBut amid the renewed turmoil, one expert says the pathway to big gains is still open.

Last year was already the slowest for China's economy since 1990. Investors fear a weakening in China's economy partly because its rapid expansion over the past few decades has been a key contributor to global growth.

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