PDD - CHIQ: Taking Advantage Of The Sell-Off In Chinese Stocks
- China has the largest population of any country on Earth and last year had the fastest growing economy. Combined, obviously the fundamentals for investing in China are bullish.
- Yet the recent and rapid rise in the US 10-year Treasury yield has caused the market to revalue growth stocks. Chinese stocks have been hit hard.
- Meantime, the NYSE has taken steps to de-list China's state oil company CNOOC. For that reason, it is best to stay focused on Chinese consumer companies.
- For investors who have yet to invest in China, the recent pullback in Chinese stocks offers an excellent entry point into the Chinese consumer sector.
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CHIQ: Taking Advantage Of The Sell-Off In Chinese Stocks