BABA - 3 Top Chinese Stocks to Watch in April
Chinese stocks probably aren't on many investors' shortlist after the coronavirus pandemic devastated that country's economy in recent months. But the massive Asian nation is showing signs of being on the road to recovery. Official statistics indicate that China's manufacturing activity returned to expansion in March. And the country's transportation industry may soon follow.
Chinese companies have unique risks due to trade tensions and general geopolitical uncertainty. But now may be a good time to scoop up these stocks while prices are still low. For instance, here are three Chinese stocks with the potential to benefit from a Chinese economic rebound in April. Two of them, Trip.com Group (NASDAQ: TCOM) and China Eastern Airlines (NYSE: ZNH), are bets on China's transportation recovery. The other, Alibaba Group (NYSE: BABA), is a bet on improving consumer sentiment in the country.
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