From the perspective of internationally renowned investment bank Goldman Sachs Group, the Chinese government may not boost this time this time, because China's epidemic "zero" policy and real estate market landslide may increaseEconomic pressure.
Bloomberg reported that according to a report written by Goldman Sachs strategist such as LiuEssenceThe 20th National Congress of the Communist Party of China is scheduled to be held on October 16.
The report published on Sunday (September 18) stated that before the month before the party congress, the MSCI China index generally had a return rate of about 2%, the commodity cycle stocks and the commodity cycle stocks and the commodity stocksSome consumer stocks also perform well.The index has fallen by more than 8 % so far this month, and it is less than regional and global stock markets.
Because the clearing policy is a key factor that hinders growth, Goldman Sachs believes that fiscal policy is undertaking the main task of supporting the economy.
The report says that the policy is expected to have not changed significantly after the 20th National Congress, but it is believed that personnel changes are determined, and "may improve policy coordination and more effective implementation"
The division said that the stocks in mainland China are better than overseas stocks, because foreign -funded shareholding ratio is low and the sensitivity to external risk factors is also low.
They also wrote that the policy trend will continue to indicate that the industries and stocks that can benefit from policy loose should be outstanding.
