CNBC reports that Goldman Sachs' Timothy Moe said that there are pockets of opportunities in China's stock markets despite an increasingly challenging investment backdrop.
"There are certainly a host of challenges that China is facing right now — but we would push back quite vigorously on the sweeping statement that China is 'uninvestable,'" Moe, chief Asia-Pacific equity strategist, said.
"It's just way too overarching and really misses a lot of the specificity that is needed to invest in China," he said.
That narrative does not necessarily extend across the entire Chinese stock market, Moe said, adding that policy has in some cases served as a tailwind for some sectors.
He cited the example of "hard technology areas" such as semiconductors, where Beijing has clearly signaled it wants to become self-sufficient in.
Other sectors that have benefited from policy include the new energy space that was "espoused" in Beijing's 14th five-year plan, Moe said.