Mon Nov 11 14:08:11 UTC 2024: ## Goldman Sachs Analyst Calls for More Stimulus in China
**Hong Kong** – Michelle Cheng, co-head of Asia Consumer Research at Goldman Sachs, has called for increased stimulus measures in China to restore consumer confidence.
Speaking on Bloomberg’s “The China Show,” Cheng highlighted the importance of consumer spending, particularly in light of the recently concluded Singles’ Day shopping festival. While she expects the cosmetics sector to perform well, Cheng emphasized the need for government intervention to boost overall consumer sentiment.
Cheng’s comments come amidst concerns about the Chinese economy’s recovery following the pandemic. She believes that additional stimulus measures are crucial to ensure a strong and sustained rebound in consumer spending.
First Piper 