Chinese Stocks Could Rise Another 20% in the Coming Year, Says Goldman Sachs

China’s reopening this year after years of Covid-19 lockdowns could bolster the country’s stocks by about 20% over the next 12 months,


Goldman Sachs


wrote in a note Monday.

Stocks in China have recently lost some of their luster. After rallying 59% from October lows through the Lunar New Year in January, they’ve lost about 9% over the past month.