China Stock Rout a ‘Frustrating’ Hit to Sentiment, Goldman Says
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China’s brutal stock market selloff risks exacerbating a downward spiral of pessimistic sentiment that will in turn weigh on economic growth, according to Goldman Sachs Group Inc. chief China economist Hui Shan.
“It is quite frustrating to see the market underperforming and outright decline,” she said in an interview on Bloomberg TV on Tuesday. “What we do worry about is the sentiment and confidence impact reinforcing the market going down, reinforcing the bearish sentiment.”