Goldman to discuss China separately

Goldman Sachs, whose expectations for a 15% rise in Chinese stocks this year did not come true, will now evaluate the country separately from other emerging markets. Goldman Sachs, which is among the Wall Street banks that partly pin their hopes for a bright year in early 2023 on China’s recovery, will now evaluate China separately from other emerging market (EM) countries. The investment bank’s strategists, including Kinger Lau, had predicted a 15% rise in the Chinese stock market due to the excitement of opening up after the pandemic. The expectation was that the rebound in the world’s second-largest economy would be a wave that would help global emerging markets have a successful year. Instead, Chinese stocks fell more than 15%, while the rest of the emerging markets performed quite well.