Goldman Sachs Turns Bullish on Ten Chinese Stocks Poised for Outperformance

Goldman Sachs has turned bullish on ten major China-based companies, calling them the country’s potential answer to the U.S. ‘Magnificent 7’.

In a note to investors, the bank highlighted firms like Tencent, Alibaba, Xiaomi, BYD, Meituan, and others as leaders in AI, tech, global expansion, and new consumption trends. Analysts expect these public-owned enterprises (POEs) to grow earnings by 13% annually over the next two years, supported by favorable regulations, government backing, and attractive valuations. Goldman says this group reflects China’s evolving economic strategy and rising shareholder returns.

Clever Robot News Desk 20^th June 2025