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Chinese stock forecast

Chinese stocks and expected growth in 2023
Chinese stocks and expected growth in 2023
In a recent report, Goldman Sachs analysts believe that Chinese stocks will have a significant shift and rise in the stage of reopening the Chinese economy after recovering from the effects of the Corona pandemic.
The rise in Chinese stock prices could reach 24% by the end of this year, as the bank announced that a potential rise of 24% is expected for the MSCI China index as the country moves beyond the stage of reopening the economy following its strict Covid-19 policies to the growth stage.
We find that Chinese stocks have entered bull market territory since the beginning of this year, as the MSCI China index peaked at the end of January, up nearly 60% from its lows in October 2022.
By the close of Friday, February 17th, the index was down about 8% since its peak on January 27th, bringing it close to the market correction zone, which is usually identified when the index falls more than 10% from its most recent peak.
MSCI China tracks more than 700 shares of Chinese companies listed on global stock exchanges, and the most critical companies tracked by the index are Tencent, BYD, and the Industrial and Commercial Bank of China.
Goldman Sachs expects the Chinese economy to grow 5.5% in 2023, buoyed by projections of growth in the second and third quarters of around 9% and 7%, respectively.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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