Goldman Sachs has raised its 12-month forecasts for key Chinese stock indices
Adding a little more now:
GS estimate widespread AI adoption could boost Chinese earnings per share by 2.5% per year over the next decade
Improving growth prospects and perhaps a confidence boost could also raise the fair value of China stocks by 15-20%, and potentially usher in over US$200 billion of portfolio inflows
GS do express a note of caution:
"As promising as AI could be to China's growth trajectory, we believe forceful policy stimulus is still required to address deep-rooted macro challenges and drive sustainable equity gains."
GS also note China AI risks from:
usage and data privacyregulationnational securitydisinflationary pressurepotential tech export controls by western governments This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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