China's economy struggles post-pandemic, but undervalued Chinese stocks offer buying opportunities.

From InvestorPlace: 2024-07-19 06:50:44

China’s economy struggles post-pandemic reopening, but it remains the second largest global economy accounting for 15% of global exports. With bearish sentiment and undervalued stocks, now is the time to consider buying Chinese stocks.

Alibaba remains the largest e-commerce retailer in China despite losing market share. Growing revenues in its e-commerce and cloud intelligence segments, along with AI-driven initiatives, make Alibaba a top Chinese stock to buy now at 10 times forward earnings.

Yum China, the largest restaurant chain in China, has attractive valuations and a multiyear growth runway. With plans to open 1,500 to 1,700 net new stores in 2024, YUMC stock is a buy due to increasing disposable incomes and strong brand recognition.

Baidu, the Google of China, dominates the Chinese search market and is leveraging AI, cloud services, and autonomous driving for growth. With expanding offerings and partnerships, Baidu stock is a top choice for investors looking for exposure to emerging technologies in China.



Read more at InvestorPlace: 3 Chinese Stocks to Buy Now: Q3 Edition