Published on 19 Nov 2021 on Insider Monkey via Yahoo Finance
In this article, we discuss the top 9 Chinese stocks to buy today. You can skip our detailed analysis of these Chinese stocks and industry outlook, and go directly to see the Top 5 Chinese Stocks To Buy Today.
During the COVID-19 pandemic, global economies struggled as a result of the pandemic-driven slump, and emerging country China was not immune to this. In the first quarter of 2020, when the People's Republic of China imposed nationwide lockdowns, the country's GDP fell by 6.8%. However, the country was quick to recover with GDP rising by 18.3% in the first quarter of 2021. According to an article published by media conglomerate Bloomberg, China's booming economy will overtake 56 countries in the world's per-capita income ranking through 2025.
However, regulatory crackdowns in China are causing panic among investors. Cloud computing, real estate, fintech, and gaming are among the industries under pressure as a result of regulatory restrictions. E-commerce and cloud computing giant Alibaba Group Holding Limited (NYSE:BABA) would be one of the companies most affected by China's order to migrate data from private cloud computing operators to a state-backed cloud system by September 2022.