China witnessed a post-Covid rebound, with its economy growing by 5.2% last year, and is targeting “around 5%” in 2024. During a keynote speech at this year’s two-day China Development Forum, Chinese Premier Li Qiang pledged efforts to promote high-quality development, intensify macro-policy adjustments, and expand domestic demand.
Given this backdrop, it could be wise to consider buying fundamentally sound China stocks Trip.com Group Limited (TCOM), Youdao, Inc. (DAO), and X Financial (XYF) for potential returns.
