1 month Chinese stocks DD Reddit     

Disclaimer: I do own some Chinese stocks, so this post does put me in a conflict of interest. I am not a financial advisor, please do your own due diligence.

China is going to announce the Q4 GDP on Jan 17. According to multiple media outlets, the Dragon is set to post positive growth and retail spending. They are infact expected to be one of the only 20 countries to post a positive growth in 2020.

More than just the absolute numbers, I am more encouraged by their rate of growth. Their GDP shrunk -6.8% in Q1 of 2020 but it recovered with record expansions of 3.2% and 4.9% in Q2 and Q3. If the Q4 growth exceeds 6%, that can lead to an overwhelmingly positive market sentiment, shooting the Chinese stocks higher. China’s central bank does not look in any mood to increase the rates anytime soon either, which could lead to much better YoY growth in 2021 because of the low standards of 2020.

The only caveat on the horizon seems to be the renewed lockdown fears in China. But I believe that is still way less worrisome than the situation in the US.

TL;DR: Chinese stocks could ๐Ÿš€ if the GDP numbers announced on Jan 17 are good.

submitted by /u/YOLO_mangata_hai_BC
[link][comments]

ยท ยท

What is Market Insider?

Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs & funds, bonds & rates and much more. We do not create or publish our own content or copy full articles from other sites. Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources.