Could this be the bottom for the China market ? Let's take a look at this ETF.
It has recorded a nice triple bottom recently after the Central Government made the announcement (read here)
Further evidence - They asked listed companies to buy back shares. Alibaba did that !
Chinese Factories are still open and production running despite spike in Covid-19 cases !
This is key since many components parts are manufactured in China from smartphones to clothing and shoes , fashion worldwide.
China's ongoing emphasis , R&D and focus on the Tech sector ! Read here and here
And lastly, if you have to choose a country to invest in, wouldn't the recent sell off between 50-80% drop from the peak in China market an attractive proposition ? Of course, choose the right company with good fundamentals to invest in.
Please DYODD.
It has recorded a nice triple bottom recently after the Central Government made the announcement (read here)
Further evidence - They asked listed companies to buy back shares. Alibaba did that !
Chinese Factories are still open and production running despite spike in Covid-19 cases !
This is key since many components parts are manufactured in China from smartphones to clothing and shoes , fashion worldwide.
China's ongoing emphasis , R&D and focus on the Tech sector ! Read here and here
And lastly, if you have to choose a country to invest in, wouldn't the recent sell off between 50-80% drop from the peak in China market an attractive proposition ? Of course, choose the right company with good fundamentals to invest in.
Please DYODD.
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added more last night !註釋
added more last night !註釋
edition.cnn.com/2022/11/26/china/china-protests-xinjiang-fire-shanghai-intl-hnk/index.htmlThis piece of news is not good as it creates consumer loss of confidence with the government. The voices of the people are heard in many cities as they continue to express dissatisfaction with the way how the government handle the current affairs.....
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cnbc.com/2022/12/07/china-eases-covid-restrictions-on-travel-and-production.htmlIt may come much later than what many wanted but nevertheless, let's hope they can reopen the borders soon
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globaltimes.cn/page/202212/1281553.shtmlTaking a long position tonight !
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buy on bad news !!!註釋
added some last night
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