Morgan Stanley turns bullish on China stocks, giving them serious upside potential

$Morgan Stanley (MS.US)$ has turned bullish on China stocks for the first time in nearly two years as the country embarks on a “clear path set towards reopening.”
“We see a steep climb from here following the extreme underperformance of the last two years,” the bank said, although it cautioned the path to recovery “will be bumpy.”
Morgan Stanley highlighted a list of names that it said will benefit from the easing in China, including two it gave around 130% upside. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $Tencent (TCEHY.US)$