To The Moon

Will China stocks rebound?? China govt is implementing various strategies to stabilize markets and boost confidence. It called for better regulations, more transparency and an attempt to improve the quality of listed companies. Most people would argue that the China stocks are deeply undervalued and it presents a golden opportunity to accumulate more. However, the recent crackdown of the gaming sector resulted in heavy selling of Tencent's and Netease's shares and showed that China itself still poses a huge policy risk! Furthermore, the post-covid recovery of China's economy has so far fallen short of expectations, plagued by real estate crisis, debt risks and high youth unemployment. China's economic recovery has been uneven this year, with a brisk start in the first quarter fading quickly in the second before gaining momentum in the third. Last month's mixed picture only added to the uncertainty as prolonged distress in China's property sector, local government debt risks, soft domestic and global demand, and geopolitical tensions have unnerved investors. Although a burst of policy support measures have been implemented since June, it had a modest effect on reviving economy growth. To date, policymakers are under rising pressure to roll out more stimulus as China faces mounting debt risks and structural challenges. This is likely to affect customer's spending in China over the next few quarters. Personally, I think the Chinese govt may have to do more to boost investors' confidence to buy China-related stocks,again.$Baidu(BIDU)$ $Alibaba(BABA)$ One of the key industries that would most likely be affected in China is its EV market, which is the largest EV market in the world. Hence, I think that the China EV sales will likely be affected in the next few quarters! It will most likely affect $XPeng Inc.(XPEV)$ $Li Auto(LI)$ $NIO Inc.(NIO)$ What do you think? Let me know your thoughts! @Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger @TigerEvents