Goldman Sachs Increases China's GDP Forecast

(Reuters) – Goldman Sachs has raised China's gross domestic product forecast for 2024 from 4.7% to 4.9%, according to a recent research note. This adjustment reflects the government's latest stimulus measures.

The firm stated, "This move clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy," in a note to clients on Sunday.