Goldman Sachs Group Inc. upgraded its forecasts for China’s economic growth in 2024 and 2025 after Beijing unveiled a series of measures to shore up growth, including plans for greater public spending announced over the weekend.

Goldman Sachs raised China's gross domestic product forecast to 4.9% from 4.7% for 2024, according to a research note, citing the government's latest round of stimulus measures.

Goldman Sachs Group Inc., a prominent US investment bank, has upgraded its projections for China’s economic growth for both this year and the next. This adjustment follows Beijing's recent announcement of several initiatives aimed at stimulating growth,

Goldman Sachs Group Inc. has upgraded its forecasts for China’s economic growth in 2024 and 2025, citing fresh policy measures announced by the Chinese government aimed at stimulating growth.

Emerging-market equities will be boosted by stimulus measures in China thanks to the country’s large weightings in indices and close economic ties with other developing countries, according to veteran investor Mark Mobius and Goldman Sachs strategists.

Dubai Goldman Sachs has revised its projection for China’s 2024 economic growth, raising the country’s GDP forecast to 4.9%, signaling renewed confidence in Beijing's economic recovery efforts. The investment bank’s upward revision stems from several factors,