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Patience is what is needed when investing in Chineses ADRs.The Chinese economy is more capitalistic than you think with the big difference from the West;in that big corporations are not allowed to grow too big and powerful to influence and control the government,to the detriment of the general population and the country as a whole.This formula has worked well as evident by the huge progress China has made in eliminating poverty and becoming one of the most powerful country in the world in just one short generation!Looking from this perspective will allow us to understand the gov’s market negative actions on big corporations in the past year. Xi JingPing’s advocate on ‘common prosperity’ is essentially aimed at eliminating the perils of pure capitalism and its detrimental effects on the stability of the country as we can see in many countries. A stable country is essential for the continued progress of a country and is what investors are looking for!
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whqqq : yes. We should be patient and not be influenced by short-term stock price fluctuations.