Residents cross the road near the bund as day breaks on the first day of Shanghai reopening on June 1. Photo: AP
Goldman Sachs lists at least seven hurdles to a 20 per cent upside in China’s battered stocks amid market turbulence
- Goldman Sachs sees the MSCI China Index rising to 84 points by March next year from current level with a pick of 50 policy-boosting plays
- Investor conviction has waned due to zero-Covid policy, fanning downgrades in economic growth, corporate earnings and market ratings in some cases
Residents cross the road near the bund as day breaks on the first day of Shanghai reopening on June 1. Photo: AP
