Goldman Sachs is optimistic about the Chinese stock market and has raised the target level for the MSCI China Index.

Goldman Sachs strategist, Kinger Lau, raised the 12-month target for the MSCI China Index from 85 points to 90 points in a report released on Monday. This means that the index has an 11% upside potential from last Friday's closing price. The strategist stated that positive factors include improvements in trade prospects and market liquidity support.