Curious what is your view on the Chinese stock market A/H/ADR shares.
China has been deemed uninvestable over the past year especially after the government killed the entire education sector over a course of a few months. Since last summer, the government has been heavily cracking down on real estate sector and internet companies such as BABA. To make matter worse, now there is this zero COVID and what we are seeing in Shanghai.
The economy was in good shape during first phase of COVID as China recovered fastest however it has deteriorated over time and will get worse over the rest of the year probably. Longer term, supply chain will probably move out of China to other EM markets or back to the US.
Is China at all investable? What is your view. Sounds very negative but are people being too negative?
Leave a Reply