BruceBryant
2023-03-23

$JD.com(JD)$ $Baidu(BIDU)$ $Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$ In view of the banking saga in the US, my thoughts are the following:
1. FED to pause interest rate rise in view of the banking saga in US and it’s risks of contagion and impact on the economy.
2. Inflation rate to remain high which will be detrimental politically to most governments.
3. Funds would look towards China where inflation is low and economic growth is expected.
4. On the bright side Western governments may be compelled to orchestrate and earlier end to the Russian Ukraine conflict which is a big factor for inflation in many countries.
5. US government in order to tame inflation, may tone down rhetorics and warmongering against China; perhaps even removing some trade tariffs, and in the process, save itself from political defeat in the next election.

The best is yet to be for Chinese stocks!

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