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Goldman Sachs

China: Three Things In China

Finvaulta tracks 6 editions of China: Three Things In China from Goldman Sachs, published between June 14, 2026 and August 2, 2026. Each edition is summarized on its own page.

Latest edition · August 2, 2026

China Three things in China(23)

This report highlights the July Politburo meeting's dovish shift toward fiscal stimulus, weak July PMI data, and expectations for softening trade growth.

Following the July Politburo meeting, Goldman Sachs expects a shift toward counter-cyclical fiscal measures to combat the growth slowdown that persisted through Q2. Official NBS PMI data for July indicates ongoing weakness in manufacturing and construction, while upcoming trade data is forecasted to show a deceleration in growth due to temporary factors like typhoon disruptions. Despite these near-term headwinds, export volumes remain resilient, supporting the case for targeted policy intervention.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.The July Politburo meeting signaled a more dovish stance with a focus on counter-cyclical measures and accelerated fiscal spending.
  • 2.Official July NBS PMIs missed expectations, with manufacturing and non-manufacturing indices declining.
  • 3.July trade data is expected to soften due to typhoon disruptions, though export volume growth remains robust.

What this series covers

  • China: Three things in China
  • Recent GS China macro research
  • The China Economics Team
  • Disclosure Appendix

Edition archive

Series at a glance

Editions tracked
6
First edition
June 14, 2026
Latest edition
August 2, 2026
All Goldman Sachs research

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