We Have Not Seen Goldman This Bullish on China in a Long Time

Let's focus on the right tail

Goldman just dropped the most bullish China note we’ve seen in years — +30% upside, housing horror no more, AI booming, trillions in “potential reallocations.” At this point you have to wonder: Did the research team write this, or the IPO bankers who really need 2026 to happen? Anyhow, no matter how big a sceptic we are, we cannot help getting a little bullishly intrigued and curious on that upside.