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China’s Strategy to Boost Consumer Spending an Investment Opportunity?
For many of you who have been long-term readers, you know that I’ve been a bull towards China and Chinese stocks. Yes, there was also the period of deception and fraud with Chinese stocks listed on U.S. stock market exchanges a few years back, but much of that has been cleaned up by the Securities and Exchange Commission (SEC).
Short-Term Outlook for China Volatile
Chinese stocks are no longer favored by investors. We had the highly anticipated initial public offering (IPO) by Internet behemoth Alibaba Group Holding Limited (NYSE/BABA) in November 2014 that saw the stock surge to $120.00, only to falter back to the current $85.00 level. While there are some concerns regarding the company’s operations, specifically the sale of fake goods, the company is still worth a look for traders—especially on dips lower than $80.00.
Continue Reading.. Why Long-Term Thinking is Key for China Investments
