Goldman Sachs report recommends an overweight position in Chinese stocks, predicting annual gains of 15% to 20% for the Chinese stock market in 2026 and 2027.

Goldman Sachs today released a macro report titled "China 2026 Outlook: Exploring New Drivers." The report recommends an overweight position in Chinese equities for 2026. The report analyzes that in 2026, China's exports have structural upside potential; investment is expected to rebound with policy support; policies place greater emphasis on service consumption and encourage increased holidays and paid leave. In the 15th Five-Year Plan recommendations, "building a modern industrial system" and "accelerating high-level technological self-reliance" are listed as priorities, suggesting that China's exports and current account are likely to remain strong in the coming years.