Published on 24 Nov 2021 on Insider Monkey via Yahoo Finance
10 Best China Stocks to Buy Now
In this article, we will discuss the 10 best China stocks to buy now. You can skip our detailed analysis of China's stock market, and go directly to read the 5 Best China Stocks to Buy Now.
According to a report published by Wall Street Journal, China’s key benchmark, MSCI China Index, gained 27% in 2020, exhibiting the economic recovery during the global economic clampdown. However, in September, the Chinese stock market stumbled following the collapse of Chinese real estate company Evergrande, as it faced deadlines for bond interest payments worth billions of dollars.
Due to the lack of industrial activity in China, the country’s third-quarter GDP grew by 4.9%, versus the analysts' expectations of 5.2%, as reported by CNBC. However, in October, Chinese stocks presented a solid growth after the Golden Week holiday, with services activity returning to productive levels.