Goldman projects Chinese stock market rally ...News

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Goldman projects Chinese stock market rally
source : Russia Today ( News ) () 34
Equities may soar 20% when the zero-Covid policy is lifted, strategists say US investment bank Goldman Sachs has estimated that a complete reopening of the Chinese economy will translate to a 20% gain for the country’s equity market. In a note issued over the weekend and cited by media, the bank’s economists say they expect the Chinese government will start to relax Covid rules in the second quarter of 2023. Among the signs that Beijing may be starting to prepare for a relaxation of its zero-Covid policy, the report cited an increase in flights and the growing adoption of an inhalable vaccine developed by CanSino

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