Billionaire investor David Tepper hasn't been shy about expressing his bullish outlook on Chinese stocks. In an interview with CNBC last week Thursday, Tepper stated that he is buying "everything" related to China after the nation launched what he called a "fiscal stimulus bazooka."
China's central bank is pulling out all the stops; they're cutting interest rates, providing liquidity support, lowering bank reserve requirements, and even encouraging company stock buybacks. These measures have already given Chinese tech stocks like Alibaba (BABA), PDD Holdings (PDD), and Tencent Holdings (TCEHY) a nice bump, and the mainland's benchmark index surged 25% in the five days ahead of Tuesday's holiday break.
