Goldman Sachs(US:GS) Feng Huang Wang·2026-01-05 08:51Core Insights - Goldman Sachs released a macro report titled "China 2026 Outlook: Exploring New Momentum" on January 5, suggesting an overweight position in Chinese stocks for 2026 [1] Group 1: Economic Outlook - The report indicates structural upward potential for China's exports in 2026 [1] - Investment is expected to rebound with policy support [1] - There is an increased emphasis on service consumption, with encouragement for more holidays and paid leave [1] Group 2: Policy Priorities - The "14th Five-Year Plan" highlights "building a modern industrial system" and "accelerating high-level technological self-reliance" as priority areas [1] - Strong performance in exports and the current account is anticipated in the coming years [1] Group 3: Stock Market Projections - The Goldman Sachs equity strategy team has previously recommended an overweight position in A-shares and Hong Kong stocks across the Asia-Pacific region [1] - The Chinese stock market is projected to rise by 15% to 20% annually in 2026 and 2027 [1]