Goldman Sachs' said its clients in mainland China have 'low expectations' for further stimulus measures to prop up the economy, the firm's economists wrote in a Wednesday note.
Tara Hariharan, NWI Management managing director of global macro research, told CNBC's "Squawk Box Asia" that investors are becoming more pessimistic about China's economy.
"Investors have become increasingly disillusioned and disengaged from China's slowing growth, tighter regulatory policy, as well as, of course, this general souring of official U.S.-China relations," said Hariharan. She said that unless significant measures are taken, reviving investor sentiment may not be a quick fix.
"I think China is trying its best to go on a charm offensive by making overtures to U.S. corporates to say do more business in China, and also reviving these government-level communications," she said. "I think these charm offensives will do very little to revive portfolio flows in the short-term unless we get some very significant and innovative policy actions to revive Chinese growth."
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