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$BABA-W (09988.HK)$ china bull market has started ..believe ...
$BABA-W (09988.HK)$ china bull market has started ..believe it or not ?? The answer is very obvious.
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Thelord : The trend is still bullish though, but short term going to dump
SKYWalkers Thelord : there is no long term bull, just long term channel between 120 and 60
Thelord SKYWalkers : Likely range bound till Donald trump gets inaugurated. Next year should rocket
SKYWalkers Thelord : why would it rocket after Trump inauguration?
it would be even worse.
60% tariff on China imports,
removal of MFN,
reinvestigation on "China virus",
Forex war,
there's nothing positive for China companies after Jan 20.
Thelord SKYWalkers : Last time both sides crackdown now left US only, recovering Chinese economy and don’t forget China stocks actually rose a lot during trump’s term leading to the all time highs in 2021 despite all those nonsense about delisting and tariffs
SKYWalkers Thelord : China stocks rose due to COVID, whole world stock rose due to increased logistics requirements, you don't just see what you want to see and didn't see the big picture, furthermore, when u said 2021, it's under Biden, he didn't enforce the tariffs and restrictions of Trump, that's where you see China got a breather, but now Trump is back 2nd time, he won't pull back on any punches.
China's dependent on exports to US, once the exports are clamped down, there is no boom to the economy, only downwards, it has already started in 2020, where did u get data that China economy is rising? All data shows that they are going down year by year, jobless numbers all time high, people are unhappy, Emperor Xi is losing power, giving the old Wen Jia Bao gang to try to coax the world to invest into China, but it's too late.