Goldman Sachs sees AI driving $200 billion inflows into China stocks

February 16, 2025 06:12 PM PST | By Invezz

Goldman Sachs sees AI driving $200 billion inflows into China stocks — Image source: Invezz

China’s central bank’s take on stable yuan

Meanwhile, China’s central bank governor emphasized the importance of a stable yuan for global financial and economic stability, reaffirming Beijing’s commitment to allowing market forces to play a decisive role in determining the exchange rate.

Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, People’s Bank of China (PBOC) Governor Pan Gongsheng noted that while most currencies have weakened against the US dollar, the yuan has remained largely stable despite heightened market volatility.

“Recently, a number of factors have pushed up the dollar index, causing most non-dollar currencies to depreciate. However, the RMB (yuan) has remained relatively stable,” Pan stated.

Pan also highlighted China’s growing focus on boosting domestic consumption, with policies aimed at increasing household income and offering subsidies to stimulate spending.

Beijing has identified consumption growth as a key economic priority for 2025, signaling a shift from investment-driven expansion to strengthening domestic demand amid potential export challenges.

Additionally, Pan reaffirmed China’s commitment to a proactive fiscal policy and an accommodative monetary policy, with plans to enhance counter-cyclical policy adjustments to support economic stability.

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