Recent Chinese technology breakthroughs are more "micro- and innovation-driven in nature," wrote analysts at Goldman Sachs.

Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows. Chinese tech stocks have been on a strong rally,

Goldman Sachs anticipates that by 2030, it estimated that AI-driven advancements could contribute an additional 0.2 to 0.3 percentage points to the expansion of China's economy

Goldman Sachs has raised its outlook for Chinese stocks, citing artificial intelligence (AI) as a key driver of earnings growth and market inflows.

Goldman Sachs (NYSE: GS) has faced its share of challenges in recent years, primarily stemming from a slowdown in capital market activities like mergers and acquisitions and initial public offerings and the winding down of its consumer banking franchise.