China Stocks: Why Goldman Likes This Market Laggard:
"The market's response to progress on reforms has been more pronounced, whereas reactions to cyclical stimulus have held less and less conviction," wrote Helen Zhu, chief China equity strategist at the bank.
"Over the coming months we expect reform news flow to intensify and still see opportunity for reform progress to support valuations towards our year-end target," she said. The bank expects the MSCI China to rise 14 percent from current levels.
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