Replies to post #138541 on Trans Global Group Inc (TGGI)

[William777]

According to CNBC, Goldman Sachs expects to see a 24% surge in Chinese stocks by the end of 2023. They are specifically talking about the MSCI China index which tracks 714 Chinese stocks and includes Commercial Bank of China, BYD, and Tencent. Goldman’s opinion is that business will pick up and cash flow will improve first of all. Profits will take until the end of the year. Investing in China appears to be led at this point by hedge funds that are seeing Chinese stocks as less risky than during the last few years. Like in the US and Europe, not everyone was out of work during Covid and many people have increased their savings and are ready to spend. Thus, it would appear that Chinese consumer stocks may be the first to benefit from the 2023 Chinese stock market recovery.