The Chinese government set an ambitious goal for economic growth of “around 5%” in 2024. That is the same target set for last year when official data showed that the nation’s total gross domestic product (GDP) rose by 5.2%. While continued weakness in the property sector remains a big concern, China’s upbeat industrial output and retail sales mark a solid start for 2024.
Hence, fundamentally sound China stocks Alibaba Group Holding Limited (BABA), Trip.com Group Limited (TCOM), and Vipshop Holdings Limited (VIPS), which are poised for market domination, could be ideal investments now.
