Last year, the world’s second-largest economy grew by 5.2%, surpassing its economic growth target of 5%, marking the country’s most sluggish annual pace since 1990. Moreover, China appears to be facing major setbacks, including a troubled property market, sluggish exports, and deflationary pressures.
Nevertheless, the recent tourism data and stimulus measures could brighten the country’s future. Given the optimism, investing in the shares of three fundamentally sound Chinese stocks, Youdao, Inc. (DAO), Ping An Insurance (Group) Company of China, Ltd. (PNGAY), and Tuniu Corporation (TOUR), could yield potential gains.
