The Chinese Communist Party broadcasted a dramatic shift in its zero Covid policy late last year. Long-time investors who read the signal benefited greatly. The
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Why China Tech Roars Again
The Chinese Communist Party broadcasted a dramatic shift in its zero Covid policy late last year. Long-time investors who read the signal benefited greatly. The China Internet ETF (KWEB) rose by over 100% from its 52-week low.Weibo (WB), Alibaba (BABA), New Oriental Education (EDU), and Didi Global (DIDIY) are notable examples of stocks that soared. EDU and DIDIY stock are relatively more attractive: neither firm has any government overhang. New Oriental pivoted out of the non-profit online education market long ago. Didi delisted its stock from the NYSE. The ride-hailing firm never received…
