0456 GMT - Self-help may be the 'best defense' for China as it faces economic headwinds amid trade tensions, say Goldman Sachs analysts in a research note. GS cut 12-month targets for MSCI China to 75 from 81, factoring in a higher effective U.S. tariff rate on Chinese imports, a 4% GDP growth rate, and 14.5% broad deficit spending to GDP ratio in China, and modest CNY depreciation pressures, the analysts say. The bank also cut its 12-month CSI300 target to 4300 from 4500. For China, decisive and forceful fiscal stimulus, industry de-regulation, and structural reforms are necessary, they add. Exports and imports diversification to non-U.S. markets, and shifting domestic capital to the stock market, will help China's economy, the analysts say. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 00:56 ET (04:56 GMT)
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