Goldman Sachs CIO Advises Against Investing in China

Citing economic downturn and policy uncertainties, Goldman's wealth management chief warns investors off China's market.

Goldman Sachs Wealth Management CIO Sharmin Mossavar-Rahmani advises against investing in China, citing economic downturn and unclear policies.
China's reported 5.2% growth in 2023 is questioned, with skepticism about the authenticity of economic data.
Investors are warned not to be lured by the low valuation of China's market, despite recent short-term stimulus measures.
Concerns include China's weakened property, infrastructure, and export sectors, alongside opaque economic regulations.
Despite China's efforts to support its economy, including offering computing vouchers to AI startups, underlying concerns about economic and policy stability remain.