Wall Street has adopted a cautious stance regarding China's stock market, with major firms such as Goldman Sachs and Morgan Stanley reducing their profit expectations for 2025 amid signs of slowing economic growth. Goldman Sachs recently lowered its year-end target for the MSCI China Index, projecting a 15% gain for the index in 2025 while maintaining an Overweight rating for Chinese A-shares. Despite these adjustments, the Shanghai Composite Index closed up 0.66% at 3,367.99, and the Shenzhen Component Index rose 0.78% to 10,827.19. Turnover on the Shanghai and Shenzhen stock exchanges exceeded 1.5 trillion yuan for the 25th consecutive trading day. Analysts highlighted that global investors remain hesitant to invest in China due to weak consumer confidence and challenges in capital repatriation. Reports from J.P. Morgan and UBS indicate a mixed outlook, acknowledging the difficulties faced by the Chinese economy but also recognizing areas of resilience and potential recovery driven by policy support and monetary easing.