Reported about 4 hours ago
Goldman Sachs has raised its forecast for China's economic growth due to recent government stimulus measures aimed at revitalizing the economy. The bank now projects a GDP growth of 4.9% for the year, up from 4.7%, and anticipates a 4.7% growth rate in 2025. Recent comments from officials hint at further fiscal spending, especially in the troubled property sector, which could lead to a larger stimulus package, boosting optimism in the stock market.
Source: YAHOO