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- Michael Burry's Bold Bet on 2 Chinese Stocks!
Michael Burry's Bold Bet on 2 Chinese Stocks!
Explore Michael Burry’s top Chinese stock picks—Alibaba and Baidu—and find out if now’s the time to invest in China’s rebounding market.
Daisy Pearl
September 02, 2024
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Thinking about diving into Chinese stocks?
You’re not alone.
With some U.S.-listed Chinese companies starting to bounce back, investors are wondering: is this the comeback we’ve been waiting for, or just another value trap?
The iShares China Large-Cap ETF (NYSE: FXI) is up nearly 10% this year, breaking out of its downtrend and sitting comfortably above its 200-day moving average.
End of downtrend for FXI?
But with ongoing concerns about China’s economy and regulatory environment, should you take the plunge or play it safe?
Let’s dive into the details.
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