Home / Metal News / 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

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

iconMay 16, 2023 17:57
Source:财联社
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.

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.

More popular news

China April Lithium Carbonate Import Volumes And Prices Both Crashed From March, Despite A Surge From A Year Ago


SMM Comment: SHFE and LME Base Metals Mostly Fall, Oil Rise on Supply Jitters after Saudi Arabia Energy Minister Warns He Would Make Short Sellers Suffer, Dollar Falls on US Debt Ceiling Issue


SMM Comment: Oil Falls as Remarks by Russian Minister Contradicts Bullish Signal from Saudi Arabia, SHFE and LME Base Metals Outperform Ferrous Metals, US Core PCE Price Index Highlights Stubborn Inflation, Market Bets on US Rate Cut in September


China To Actively Expand Domestic Effective Demand And Boost New Energy Vehicle Sales, National Development And Reform Commission Says        


Goldman Sachs, Barclays warn: Fed will not cut interest rates this year


Dollar, Oil, Gold, Base Metals, Ferrous Metals All Go Down, EIA Cuts Oil Price Forecast


EIA Cuts Brent and WTI Oil Price Forecasts for 2023 as Recession Fears, Inflation and Banking Crisis Overshadow OPEC's Production Cuts


China's National Bureau of Statistics says there is still room for improvement in residents' purchasing power and willingness to spend


UN and IMF Raise Forecasts for China GDP, Regulators Promise Measures to Boost Growth


Asian Buyers Snap up Cheaper Russian Oil, Putting Oil-Producing Countries in the Middle East and West Africa under Huge Pressure


Chinese Lithium Carbonate Smelters Have Smaller Appetite for Overseas Spodumene Concentrate, April Customs Data Shows


Lithium Carbonate Price Rally Was Not Driven By Robust Demand Recovery


Plummeting Global Demand Sends LME Copper Contango To 20-Year High


SMM Morning Comments (May 23): Base Metals Closed Mostly with Losses on US Macro Headwinds



Balance of M2, M1 and M0 All Rise at the End of April, China’s Central Bank Says


India to become Europe’s top supplier of refined oil products after massive purchases of Russian oil


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


CITI Research Lowers Price Forecast for Nickel, Aluminium and Zinc in 2023-2024 But Bets on Higher Copper Prices


Goldman Sachs Cuts Copper Price Forecast Amid Slowing Western Manufacturing, But Bank Of America Bets On Higher Copper Prices, Citing A Surge In Demand From China



Macro economy

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All