In the 2025 Outlook report released by Goldman Sachs on November 18, it is expected that the msci chinese index and csi 300 index will rise by 15% and 13% respectively in 2025, mainly due to earnings growth per share and moderate valuation growth. From an industry perspective, Goldman Sachs advocates including the consumer sector in the investment portfolio, raising the ratings for the medical care and brokerage sectors. Additionally, Goldman Sachs believes that as debt restructuring plans take effect, investment in public welfare and new infrastructure projects may accelerate, with a focus on the performance of the consumer and infrastructure sectors.