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?

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