Goldman Sachs upgrades China equities to Overweight
|Strategists at Goldman Sachs are more bullish on the Chinese equity markets, and raise their outlook on the Chinese equities to Overweight in its latest report.
Key Points via Bloomberg:
The bank’s strategists are now overweight Chinese stocks, with their 12-month forecast for the MSCI China Index boosted to 73 points from 68
Factors behind the upgrade:
Improving economic data
Anticipate policy measures will continue to be supportive (especially given the he twice-a-decade Communist Party conclave later this year)
Earnings forecasts upgraded
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