🌟🌟🌟This week Ratings Agency Moody cut its outlook on China's credit rating to negative from stable saying that the country faces an economic slowdown. However other global ratings agencies Fitch Ratings and S&P Global Ratings made no changes. Fitch affirmed China's A+ rating with a stable outlook in August while S&P Global said on Wednesday December 6 that it has retained China's A+ rating with a stable outlook. Chinese EV stocks fell after the news of Moody's rating. However according to Reuters, foreign capital recorded a net inflow via the northbound trading link on Wednesday December 8 2023. $NIO Inc.(NIO)$ fell 1.4% on Friday. However Nio's share price bounce
I am an advocate of YOLO. It makes me feel alive. Bought 50k worth of UPST and LSPD call options in Sept 2021 at their peak prices. lost it all in 1 year..... [Cry] [Cry] [Cry]... am so alive right now... [Cry] [Cry] [Cry]
I confessed. If there is any worse time to invest in Chinese stocks, it would be now. Why? (1) Geopolitically, China has choppy relationships with several countries (descending severity): United States. Taiwan. Japan. ASEAN countries - The Philippines and Vietnam. (2) Domestically, after many rounds of internal bashings - home-grown MNCs have been sufficiently subdued & drained of their resources (after many rounds of penalty fines) and too “weak” (owners stepped down, sidelined) to compete internationally. This is necessary (to whom i wonder) to ensure MNCs toll the line and do not have the will to revolt again. (3) Victim of extreme pandemic management. The fallacy of zero-infection & extreme lockdown measures employment (over extended period) to