China's Best: 3 Top-Rated Stocks Garnering Investor Interest

[Investing Insights Daily]( October 13th, 2023 SPONSORED AD [See The #1 Stock On Today's Top Stocks List]( Our Top 50 Stocks List was created by our revolutionary trend-spotting algorithm and today's list was just updated! The #1 stock on the list has a +100 Chart Analysis Score and is trending up on its short, intermediate, and long term time frames. Remember, trends change fast, so now is the time to take action and position yourself ahead of the crowd. [Discover the #1 stock and see the full list for free.]( [China's Best: 3 Top-Rated Stocks Garnering Investor Interest]( Amid a new batch of stimulus measures and the latest economic data showing a pick up in retail sales and industrial production, China’s economy shows signs of recovery. Against this backdrop, it could be wise to invest in top-rated, fundamentally sound Chinese stocks Alibaba Group Holding Limited ([BABA]( – [Get Rating]( JD.com, Inc. ([JD]( – [Get Rating]( and Hello Group Inc. ([MOMO]( – [Get Rating]( for potential gains. China’s [retail sales and industrial output picked up pace in August]( with stronger-than-anticipated growth, as per National Bureau of Statistics data. Retail sales rose by 4.6% year-over-year, up from 2.5% in July and exceeding expectations for 3% growth forecast by a Reuters poll. Industrial production in China increased by 4.5% in August from a year earlier, faster than the 3.7% year-over-year pace in July and better than the 3.9% expected. The solid industrial production and services output figures indicate Oxford Economics’ third-quarter GDP forecast is intact, and steady economic activity would mean the economy can reach about 5.1% growth in 2023, according to its lead economist, Louise Loo. The [International Monetary Fund (IMF) also sees some signs of stabilization]( in the Chinese economy after the recent data; however, it believes that the country can grow at a faster pace over the medium term if it takes steps to reform its economy to rebalance from investment toward consumer spending. Chief spokesperson Julie Kozack said that the IMF still believes China can achieve around 5% growth this year. Further, China has rolled out [new stimulus measures]( to drive the country’s ailing property market and support a weakening yuan in an attempt to boost the economy. As per [a joint statement]( by the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR), the minimum down payments for mortgages will be slashed to 20% for first-time buyers and 30% for second-time buyers. Also… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019