[Goldman Sachs Report: Recommend Overweighting Chinese Stocks, Expecting 15%-20% Annual Growth in 2026 and 2027] Goldman Sachs today released a macro report titled 'China 2026 Outlook: Exploring New Drivers.' The report states that Chinese stocks are recommended for overweighting in 2026. The analysis suggests that in 2026, China's exports will have structural upside potential; investments are expected to rebound with policy support; and policies will place greater emphasis on service consumption, encouraging more holidays and paid leave. The report also mentions that in the proposals for the '15th Five-Year Plan,' priorities such as 'building a modern industrial system' and 'accelerating high-level technological self-reliance and strength' have been highlighted. Over the next few years, China's exports and current account are likely to remain robust. Goldman Sachs' equity strategy team previously recommended overweighting A-shares and Hong Kong stocks within the Asia-Pacific region, projecting that Chinese stock markets will grow 15%-20% annually in 2026 and 2027. Drivers of accelerated earnings growth include applications of artificial intelligence, the 'going global' trend, and 'anti-involution' policies. Additionally, the current valuation of Chinese stocks is significantly discounted compared to global peers.