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5 Chinese Stocks to Buy for Market-Beating Growth

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Chinese stocks, while hardly the under-covered investment opportunity they were more than a decade ago, still have intriguing growth prospects. They still offer exposure to China’s enormous market – according to PricewaterhouseCoopers, China could be the largest economy in the world with about 20% of world GDP by 2050. And they still can leverage the country’s expanding middle class and booming Internet presence.

China has several companies that operate essentially parallel to big U.S. stocks, especially in the technology sector. However, many of these companies have evolved into massive hybrid beats, catering to their users in both the online and offline space.

Several of these stocks are trading on the cheap thanks to ongoing trade-war fears between the U.S. and China. However, Goldman Sachs (GS) CEO Lloyd Blankfein calls Trump’s threat of slamming tariffs on another $200 billion of Chinese imports a negotiating tactic. “That’s what you would do if it was a negotiating position, and you wanted to remind your counterparty just how much firepower you had to bring to the negotiation,” he said.

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With this in mind, we used TipRanks’ unique market data to pinpoint five trending Chinese stocks with big Wall Street support.

The following is a look at these stocks, analysts’ average price targets and an explanation as to why Wall Street is so bullish right now. Here’s a look at these five “Strong Buy” stocks from the “Middle Kingdom.”

SEE ALSO: 25 Blue-Chip Stocks Mutual Fund Managers Love Most

Data is as of June 19, 2018.

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