China stocks: Goldman Sachs raised its 12-month CSI 300 Index target to 4,900 from 4,500 Goldman cites:supportive valuationshigh single-digit profit growthfavorable positioninguptrend has momentumthere are some profit-taking pressuresliquidity factors and valuation expansion—rather than cyclical fundamentals—are driving global equity gains This article was written by Eamonn Sheridan at investinglive.com.