Amid macroeconomic clouds of slowdown and deflation, fundamentally strong Chinese stocks Alibaba Group Holding Limited (BABA), Trip.com Group Limited (TCOM), and Hello Group Inc. (MOMO) are showing the promise of a silver lining that has kept institutional investors interested.
After emerging from a self-imposed hiatus, on account of the controversial and now revoked “Zero-Covid policy,” the Chinese market and economy were broadly expected to reclaim its role as the engine of growth for the global economy. The initial signs were encouraging with quarterly and monthly economic data, including a rebound in retail sales and resilience in the labor market, all exceeding expectations.
