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TCEHY - Time To Have A Look At Buying Into Chinese Equities While They Are Cheap
Tencent Holdings Ltd. ADR
This article first appeared in Trend Investing on September 16, 2019; therefore all data is as of this date.
The US-China trade war has taken a heavy toll on most Chinese equity funds, especially when compared in USD terms (as the Chinese yuan has weakened). The growth rate is higher in China (GDP is 6.2% pa) than in the US (GDP is 2.3% pa) and the Chinese equity market is at a much lower valuation (China P/E 12.3, USA P/E 21.0). Just looking at the figures quoted above indicates that China