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Why Chinese stocks could jump 20% in 2024: Goldman Sachs

Photo by Yu Wang on Unsplash

Beaten-down Chinese stocks could rise almost 20% this year, according to Goldman Sachs, with the US bank pointing to five factors including stronger government support and a potential improvement in tensions between Beijing and Washington DC. In a note to its clients this week, the Wall Street bank conceded that the “past three years were no doubt a challenging and…

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