- Headlines screamed that China's second-quarter GDP growth not only slowed, but also came in below expectations. However, there's more than meets the eye.
- market players shrugged off Cathie Wood's talking down of Chinese stocks and despite Ark Invest's dumping of its Chinese holdings, the share prices of affected stocks rose.
- Market players seemed to be wrong about the falling out of Beijing and Alibaba Group based on some recent developments.
- Alibaba and Tencent stand to gain from the more stringent foreign listing process. The cross-opening of their ecosystems to each other could have mutual benefits too.
- The political tensions between U.S. and China could ameliorate, improving sentiment towards Chinese equities, if a purported meeting between the two nations' leaders takes place.
For further details see:
Alibaba: Tailwinds Growing Stronger