Goldman Sachs has raised its forecasts for Chinese stocks

Goldman Sachs has raised its forecasts for Chinese stocks after the government announced stimulus measures. The investment bank believes the market is poised for further growth, with expectations for an additional Rmb10tn in fiscal stimulus. Global investors are optimistic about China's economic performance, particularly after the record rally in Chinese equities following the government's stimulus blitz in September. The bank forecasts the CSI 300 to reach 4,600 within a year, citing the government's commitment to economic growth and structural optimisation. Despite the positive outlook, Goldman Sachs cautions that the market requires confirmation of the size of the fiscal stimulus and evidence of its impact on the real economy.