China Stock Bulls Hit Reset Button

Wall Street banks like Goldman Sachs and Morgan Stanley have reduced their targets for Chinese equities due to a slower-than-expected economic recovery. Despite this, they maintain an overweight rating, citing attractive valuations. The PBOC is expected to maintain a stable policy stance, with no major stimulus, but may implement targeted measures to support private businesses and local governments, boosting sentiment and job creation.

What kind of adjustments is the PBOC signaling could be made?

What sectors did the PBOC government mention as key to creating jobs?