Goldman Sachs Highlights China's Focus on Manufacturing Over Consumption
Goldman Sachs has identified manufacturing as China's primary focus, rather than consumption, as the country navigates its economic priorities. Andrew Tilton from Goldman Sachs shared insights into global growth prospects for 2026, emphasizing China's strategic emphasis on manufacturing. This focus is expected to influence global economic dynamics, particularly as the Federal Reserve continues to cut interest rates, potentially leading to a weaker U.S. dollar. The prioritization of manufacturing over consumption reflects China's long-term economic strategy to bolster its industrial capabilities and maintain its position in the global market.