China’s economy development
There were many negative developments which have been surrounding the China’s economy for the past two months.
Delay in the recovery of the economy growth momentum mainly due to:
1) the slump in property market which lead to low level of spending confidence
2) the weak external demand that pull down the export performance
3) different grades of interest default payments by some big names such as $COUNTRY GARDEN(02007.HK$ , $SINO-OCEAN GP(03377.HK$ $EVERGRANDE(03333.HK$
Meanwhile , on the other hand, we also observed that $Alibaba(BABA.US$ $MEITUAN-W(03690.HK$ $PDD Holdings(PDD.US$ delivered strong performance which indicate that the nation’s economy performance is not so bad as thought, just that the spending behavior are facing some changes.
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Wealth Accumulator : PDD carries the characteristics of the business model that allows them to serve the larger community in China
. It is in the sweet spot in the current China’s economic situation, where most people are tightening their belt, to continue to capture a larger market share.
102175775 : i wonder why ppl are so pessismistic abt China. it is different fm America when they hv property bubble problem. Americans spend on credits. Chinese r cash rich. Some just get burnt on overspeculation in properties but in general most have fat bank accounts. They will spend when govt carries out good policies to incentivise spending. See a strong pick up in the next qtr or so.
Cookie Jar Fund 102175775: financial and misinformation war
styleomileo : the difference between China nd US is that Chinese are worriers and save all the time, Americans spend from pay check to pay check.
so it is better to sell half of your stocks first and wait, rather than being disappointed again by sharp corrections again
YC Xiao : Those who bought China blue chips a couple of weeks ago at very low prices will laughing to the banks as the prices are increasing from now.