China is aiming to boost economic growth through a series of stimulus measures to revive manufacturing, consumption, and foreign investments. Amid this backdrop, investors could consider buying fundamentally strong China stocks JD.com, Inc. (JD) and PDD Holdings Inc. (PDD).
Despite facing challenges such as a weak property market, weaker spending, loss of consumer confidence, rising local debt, and high youth unemployment, the higher-than-expected first-quarter economic growth of 5.3% brings optimism for China's 2024 GDP target of around 5%.
