Wall Street Gets Increasingly Bullish on China
- Goldman strategists join JPMorgan in bullish call on China
- MSCI China index down 21% this year on tech, real estate woes
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China’s battered stocks present a buying opportunity, as most of the headwinds facing the country’s economy are now priced in, according to Goldman Sachs Group Inc.
“Although risks around the Chinese growth outlook remain due to the zero-tolerance Covid-19 policies and regulatory tightening, Chinese equity markets already reflect some of those risks, offer attractive valuations and continue to be underinvested,” Goldman Sachs strategists led by Christian Mueller-Glissmann wrote in a note dated Monday.