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StockNews.com
StockNews.com
Business
Nidhi Agarwal

3 China Stocks to Buy as the Economy Rebounds

BABA JD NTES China Economy NetEase Alibaba Group Holding Limited JDcom Inc NetEase Inc

Amid macroeconomic challenges, China's economic recovery is gathering strength as we move through the second half of 2024. Hence, investors could consider buying fundamentally sound Chinese stocks Alibaba Group Holding Limited (BABA), JD.com, Inc. (JD), and NetEase, Inc. (NTES) as the economy rebounds.

The Chinese economy grew by 4.7% year-on-year in the second quarter of 2024 despite a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with Western countries.

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