News Snapshot:
StockNews The Chinese economy is recovering with the easing of strict COVID-19 measures, and the government is considering ramping up infrastructure funding. However, despite easing Chinese regulatory concerns, Alibaba Group (BABA) has been losing momentum amid the challenging macroeconomic environment. And we think fundamentally sound Chinese companies NetEase (NTES), FinVolution (FINV), Phoenix New Media (FENG), and Viomi Technology (VIOT) could be better investments. Continue reading…. shutterstock.com - StockNews The Chinese economy began to recover after the easing of the stringent lockdowns. China's Ministry of Finance is considering allowing local governments to sell 1.5 trillion yuan ($220 billion) of special bonds...
