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Re: Bought KWEB on
Friday
Now retail data in China is dropping, so eCommerce companies
like BABA, JD and PDD are dropping on the news. Lower for
longer seems the operative word on these stocks.
Not going to touch anything China related until I see some
bottoming process.
I too wonder if Xi Jinping is way over his head. Be careful what
you wish comes to mind regarding Xi Jinping.
Investment in China has to be slowing down.
In fact, I wonder if it isn’t looking for friendlier shores,
like India or some other South East Asia
country. Billionaires may also be moving money
out of the country. Xi Jinping is killing the
goose that lays the golden eggs.
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