Goldman backs Chinese stocks as Beijing seen easing on crackdown

Goldman expects a better year for Chinese equities, with onshore and offshore stocks to return 16% and 13% in the next 12 months, respectively

Goldman Sachs Group turned more bullish on Chinese stocks, hit by a succession of regulatory shocks and a property debt crisis this year, as a softer approach by Beijing will ease pressure on the economy and improve poor valuations. 

Goldman expects a better year for Chinese equities, with onshore and offshore stocks to return 16% and 13% in the next 12