China may not fall too short of its growth targets this year after all, Goldman Sachs analysts said. The analysts upgraded their 2024 forecast for China's GDP from 4.7% to 4.9% after officials in Beijing pledged a new round of stimulus measures. That's ...

Goldman Sachs raised China's gross domestic product forecast to 4.9% from 4.7% for 2024, according to a research note, citing the government's latest round of stimulus measures.

Goldman Sachs Group Inc. upgraded its forecasts for China’s economic growth in 2024 and 2025 after Beijing unveiled a series of measures to shore up growth, including plans for greater public spending announced over the weekend.

Goldman Sachs upgraded its China growth forecast, citing recent stimulus efforts. But another large package is needed when it comes to reviving the world's second-largest economy.