Despite its sanguine views about China’s 2016 economy and a 5.6% forecast on equity gains, Goldman Sachs Private Wealth Management (PWM) believes that China is “more likely to follow the path of Japan” due to unfavourable demographics and excessive debt, which could cause slower growth and short bursts of deflation. China equities 2016 forecast: 5.6% gains; 2016-2020: 4% annualised gains…
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