China is the world’s No. 2 economy and home to dozens of companies that trade in the U.S. Right now, Tesla (TSLA) rivals BYD (BYDDF) and XPeng (XPEV), as well as gaming giant NetEase (NTES), e-commerce play PDD Holdings (PDD) and specialty retailer Miniso (MNSO), re China stocks worth watching or potentially buying.
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After China finally eased strict Covid restrictions in late 2022, there was a lot of optimism about a Chinese economic revival. But growth has sputtered in recent months, while the long-ailing property sector is worsening. Despite Chinese officials vowing to support the economy, actual stimulus has been limited.
That’s taken a toll on Chinese stocks in recent weeks, though they are trying to find their footing.
U.S. tensions are a concern. In recent months, the White House has barred shipments of key chip technology to China, adding to tariffs and other curbs on Chinese goods. Beijing has retaliated.
Investors should pay attention to many other Chinese stocks, including e-commerce titan Alibaba (BABA), messaging and gaming player Tencent (TCEHY) and search giant Baidu (BIDU) among others.
Top Chinese Stocks To Buy Or Watch
Company
Ticker
Industry Group
Composite Rating
Miniso
MNSO
Retail-Discount & Variety
96
BYD
BYDDF
Auto Manufacturers
n.a.
XPeng
XPEV
Auto Manufacturers
64
NetEase
NTES
Computer Software-Gaming
92
PDD Holdings
PDD
Retail-Internet
95
Miniso Stock
Miniso is a Chinese specialty retailer, with a treasure hunt aspect for shoppers. It boasts over 5,500 locations, including more than 2,000 overseas, with a growing number in the U.S.
Miniso earnings surged 130% in the second quarter, with revenue growth accelerating to 30%.
MNSO stock broke out of long consolidation in late July, but then moved sideways around the buy zone. On Aug. 22, shares gapped out of a multiweek shelf on the strong Q2 results. Shares ran up until mid-September, then pulled back to the 21-day line.
A strong move off the 21-day line could offer an aggressive entry or place to add shares, but the overall market correction raises the…
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