Market Chatter: Goldman Sachs Predicts Aggressive Stimulus from China Amid Rising US Tariffs
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Goldman Sachs predicts that China will increase fiscal stimulus in response to new US tariffs, which could reduce China's GDP growth by 0.7% in 2025. Despite this, the bank maintains a 4.5% growth forecast for China, citing strong early-year performance and expected policy support. However, it has lowered its corporate earnings growth forecast from 9% to 7%. Additionally, Taiwan has been downgraded to "underweight" due to its vulnerability to US trade dynamics.
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