Business
Chinese stocks are a screaming bargain. Don’t buy them.
Another brutal sell-off against China’s tech champions offers American investors a dangerous bargain. Share like
Alibaba
deeply discounted compared to US counterparts. But “share” might be the wrong word to describe them. Cryptostock, perhaps. Profits depend on a form of economic confidence that is becoming increasingly difficult to buy.
Two years ago, e-commerce giant Alibaba Group (BABA) grew faster
Amazon.com
(AMZN), with better returns and half the stock market value. A tariff war with the US has emerged, but what good value stock doesn’t come with a few warts?