Goldman's Chief Investment Officer advises against investing in China, supported by a chart demonstrating that over the past 30 years, the MSCI China index has recorded a total return of 0%. This performance includes 22 intra-year corrections of more than 20%, compared to just 6 for the S&P 500, and an average annual correction of 30%, which is double that of the S&P 500, according to calculations by Strategas.