$Alibaba(BABA)$ and China are bouncing back.
- GDP in China grew 5.2% in 2023 (34% of global GDP growth)
- Manufacturing activity hitting 8.6% YoY growth
- Exports of chips jumped 30% YoY as China becomes more digitalized
- 2024 has seen third highest ever amount of FDI There's still lots of risks, but recovery signs are there.
Long $Alibaba(BABA)$
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