The Nasdaq Golden Dragon China Index which tracks US-listed Chinese companies has bounced nearly 50%^ from Oct 24, 2022.
^ Data as of 24/10/2022 - 01/11/2023, moomoo
Entering 2023, Alibaba has risen more than 30%^ so far since January 3. At the same time, NIO has gained 18.05%^.
^ Data as of 03/01/2023 - 11/01/2023, moomoo
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The U.S. economy will continue to struggle in 2023 with limited growth and a high unemployment rate. Many investors expect the Federal Reserve’s aggressive rate hike will push the U.S. economy into a recession at some point in 2023. While there is a chance to avoid the economic downturn and going into a “slowcession”, according to a Tuesday from Mark Zandi, Chief Economist of Moody’s Analytics.
Market pessimism into rec...