Amid a new batch of stimulus measures and the latest economic data showing a pick up in retail sales and industrial production, China’s economy shows signs of recovery. Against this backdrop, it could be wise to invest in top-rated, fundamentally sound Chinese stocks Alibaba Group Holding Limited (BABA), JD.com, Inc. (JD), and Hello Group Inc. (MOMO) for potential gains.
China’s retail sales and industrial output picked up pace in August with stronger-than-anticipated growth, as per National Bureau of Statistics data. Retail sales rose by 4.6% year-over-year, up from 2.5% in July and exceeding expectations for 3% growth forecast by a Reuters poll.
