China Stocks: Goldman Sachs Sees Potential for 15%-20% Further Gains

Timothy Moe, equity strategist at Goldman Sachs, discusses the outlook for Chinese stocks and the government's efforts to support the economy. Goldman has upgraded Chinese equities to "overweight" and said it sees further 15%-20% upside potential. The rally in Chinese stocks early Tuesday lost momentum after the National Development and Reform Commission, the country's top economic planner, held back in unleashing any more major stimulus at a press briefing. Moe speaks on Bloomberg Television. Sign up for the 5 Things to Start Your Day newsletter to get up to speed with the most important business & markets news from Asia each morning. https://bloom.bg/3wC0wOa -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts