Goldman Sachs upgrades China equities to Overweight

Strategists at Goldman Sachs are more bullish on the Chinese equity markets, and raise their outlook on the Chinese equities to Overweight in its latest report.

Key Points via Bloomberg:

The bank’s strategists are now overweight Chinese stocks, with their 12-month forecast for the MSCI China Index boosted to 73 points from 68

Factors behind the upgrade:

Improving economic data

Anticipate policy measures will continue to be supportive (especially given the he twice-a-decade Communist Party conclave later this year)

Earnings forecasts upgraded