Goldman Sachs: China will be the only major economy with positive growth this year, bullish bets on new energy vehicles and biotechnology in the long run

Published: May 16, 2023 17:57

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Goldman Sachs Asia-Pacific Chief Equity Strategist Timothy Moe said at a media conference that China may be the only major economy in the world that can achieve positive GDP growth in 2023, thanks to domestic policy support for economic recovery and other reasons. In terms of industry, we are optimistic about consumer services, retail, automobiles, public utilities, energy and other fields, especially new energy vehicles and biotechnology in the long term.

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