I have friends working in China’s equivalent of FAANG. They have the big data of Chinese consumer market and the first half of 2024 is much worse than both 2023 and official’s data(-10% Based on PCP). FYI 2023 was the worst in last decade. U need at least give 30% discount to the official data.
I”d suggest anyone don’t touch any stock heavily relying on Chinese market.
Anyway DYOR.
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