CHL - My 3 Favorite Chinese Stocks for 2020
The past two years were rough for Chinese stocks, due to the escalating U.S.-China trade war, rising tariffs, and China's economic slowdown. Unpredictable regulatory crackdowns from the Chinese government on growing sectors like video games, fintech, and streaming video exacerbated that pain.
Yet 2020 could be a brighter year for Chinese stocks. The U.S. and China have agreed to sign a "phase one" trade deal to de-escalate tensions, and China recently launched fresh stimulus plans to reinvigorate its sluggish economy.
As those tailwinds accelerate, investors should consider adding a few Chinese stocks to their portfolio. Let's take a closer look at my three favorite plays for the year: China Mobile (NYSE: CHL), Baidu (NASDAQ: BIDU), and JD.com (NASDAQ: JD).