Just a warning, Bloomberg and fund manager started chattering about the China lows are in.
For goodness sake, ever thought why would they say such a thing? The only reason is they have have bought in and making a loss, so need ppl to push up the shares, then offload to them. Fund managers who are successful are keeping quiet... because they still need to accummulate shares. The only time they start hooting is when they want to sell.
Right now, only invest in what China govt needs for the country. For me it is nuclear power generation. Automotive EVs are already fully priced in (Buffett is scaling out of BYD). Semiconductors related tech is the next one but still too early by a few years. The Americans finally gave the China business ppl a big push to start innovating from 1st principles instead of buying and stealing US chip tech. China big tech are mostly focused on domestic consumers, which will only return to normal after the dynamic/zero-Covid policy ends (although I have said in other thread that PDD is standing out as the strongest).
I'm looking forward to China-made RISC-V chips for PCs & servers to compete with ARM & x86. First, China biz & research ppl need to make the tools (software and hardware) to make things, which is their greatest weakness.
