Goldman Sachs stated that investors are skeptical of the rapid overseas expansion of Chinese companies and are seeking "profitable" growth. Trina Chen, co-head of Greater China Equity Research at Goldman Sachs, pointed out that weak consumer demand in China has prompted many companies, such as electric vehicle manufacturers, to accelerate their overseas expansion. However, investors are concerned that overseas expansion could repeat the "involution" seen domestically, leading to price wars. Goldman Sachs expects the overseas market share of Chinese companies to increase from the current 18% to 31% by 2035. Geopolitical factors and market access restrictions are also influencing stock performance.