Goldman Sachs has projected that Chinese stocks will face limited downside in 2025, attributing this outlook to the market's pricing in of trade tensions and expected domestic stimulus measures. Analysts believe that these factors will provide a buffer against further declines in the market. Additionally, the turnover on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) has exceeded 1 trillion yuan for the 61st consecutive trading day, indicating robust trading activity. Despite this positive outlook, the Shenzhen Component Index and Chinext Index fell by 1%, while the Shanghai Composite Index declined by 0.33%. In a related development, the Chief Economist of Minsheng Bank, Wen Bin, has predicted that the issuance of ultra-long-term special government bonds in China could reach 2 trillion yuan next year, as part of efforts to stimulate the economy.