9 h. ago Major foreign banks raise China’s GDP forecast, annual target seen as ‘on track’

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

9 h. ago Overseas banks raise China GDP forecasts, say Beijing ‘on track’ for 2025 target

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

12 h. ago China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says

China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says  businessinsider.com

Politics

37 h. ago China’s 'very strong' rare earths leverage set to endure, says Goldman Sachs

China’s 'very strong' rare earths leverage set to endure, says Goldman Sachs  investingLive

Politics

7 d. ago US treasury secretary accuses Beijing of trying to damage global economy; profits jump at Goldman Sachs and JP Morgan – business live

US treasury secretary accuses Beijing of trying to damage global economy; profits jump at Goldman Sachs and JP Morgan – business live  The Guardian

Economics

2 w. ago China’s struggling restaurants feeling queasy as debate rages over pre

In the run-up to National Day, a week-long celebration viewed as a litmus test for the strength of China’s domestic consumption, a fiery feud between a celebrity entrepreneur and one of the country’s best-known restaurant chains has drawn widespread attention to cost-saving practices in the food industry. The drama began on September 10, when influencer Luo Yonghao – a former teacher known for his outspoken views – blasted the popular Xibei restaurant chain on social media, claiming his...

Politics

2 w. ago GLOBAL ECONOMY Factories struggle in September as soft demand in China and US take toll

GLOBAL ECONOMY Factories struggle in September as soft demand in China and US take toll  Reuters

Politics

2 w. ago GLOBAL ECONOMY Asian factories struggle as soft China, US demand takes toll

GLOBAL ECONOMY Asian factories struggle as soft China, US demand takes toll  Reuters

Politics

3 w. ago China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as economic momentum slows and policymakers face mounting pressure to support growth. The forecast includes a 10-basis-point policy rate cut and a 50-basis-point reduction in the reserve requirement ratio, which could come as year-on-year growth slows sharply towards 4 per cent from a high base last year, a note released on Saturday said. “But the data-dependent nature...

Politics

3 w. ago Goldman Sachs: China leaning on exports to counter deflation

Goldman Sachs: China leaning on exports to counter deflation  MSN

Politics

3 w. ago Hong Kong bankers pack luxury hotels near offices for typhoon trading

Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds of up to 195 kilometres (121 miles) per hour early on Wednesday. Ragasa marked the biggest test yet for a change implemented last year by the Hong Kong...

Society