Goldman Sachs On the 5th, a macroeconomic report titled “China Outlook 2026: Exploring New Growth Drivers” was released. The report recommends overweighting Chinese stocks in 2026. According to the report’s analysis, China’s exports will have structural upside potential in 2026;investment is expected to rebound with policy support; policies are placing greater emphasis on service consumption and encouraging more holidays and paid leave. The report also noted that in the proposals for the 15th Five-Year Plan, “building a modern industrial system” and “accelerating high-level self-reliance and strength in science and technology” were listed as priorities, and China’s exports and current account are likely to remain strong in the coming years. Goldman Sachs The equity strategy team previously recommended overweighting A-shares and Hong Kong stocks across the Asia-Pacific region, forecasting annual gains of 15% to 20% for China’s stock market in 2026 and 2027.