China is the world’s No. 2 economy and home to dozens of companies that trade in the U.S. Right now, JD.com (JD), Pinduoduo (PDD), Canadian Solar (CSIQ), BYD (BYDDF) and Baidu (BIDU) are China stocks worth watching or potentially buying.
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It’s been a tough couple of years for Chinese stocks. The Covid pandemic, and Beijing’s zero-Covid policy, have slammed the economy. Meanwhile, regulatory crackdowns vs. technology and data-centric firms such as Alibaba (BABA), Tencent (TCEHY) and NetEase (NTES) have been a major headwind. U.S. trade tensions are a concern, with the White House barring shipments of key chip technology to China, along with tariffs and other curbs on Chinese goods.
The tech crackdown seems to have eased, with Alibaba affiliate Ant Group getting approval to raise more capital.
Meanwhile, China is rolling back severe Covid restrictions rapidly.
With an end to lockdowns and other severe steps, a massive wave is underway. But investors are looking beyond to brighter days ahead.
While the current top China stocks to buy or watch are dominated by e-commerce plays, don’t forget EV startups such as Nio (NIO) and Li Auto (LI). Like global giant BYD (BYDDF), all are taking on Tesla (TSLA) in the world’s largest EV market.
The city of Shanghai is reintroducing a 10,000 yuan ($1,500) for residents who scrap or transfer vehicles in exchange for a purely electric vehicle. It’ll start from Feb. 1 to the end of the year. There have been signals that China’s government, at the national or regional level, will introduce, renew or expand EV subsidies.
Tencent, NetEase and Baidu (BIDU) are other internet giants to follow.
Top Chinese Stocks To Buy Or Watch
Company
Ticker
Industry Group
Composite Rating
JD.com
JD
Retail-Internet
98
BYD
BYDDF
Auto Manufacturers
N.A.
Canadian Solar
CSIQ
Energy-Solar
91
Baidu
BIDU
Internet-Content
77
Pinduoduo
PDD
Retail-Internet
99
JD.com Stock
JD.com is China’s No. 2 e-commerce firm, behind only Alibaba.
It’s been consistently profitable for years, with annual growth since 2018. Earnings growth has…
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