2 Chinese Growth Stocks Selling at Cheap Prices
Chinese stocks are falling from the sky, and for good reasons. The Chinese government has been tightening its regulatory grip across an increasing number of industries ranging from tech to property. While the crackdown initially seemed to be over data security concerns, Beijing's latest move to ban for-profit tutoring classes is a rude shock.
Right now, no one knows which company or sector in the Chinese government will target next. As a result, nervous investors are selling first and asking questions later.
But as a longtime investor in Chinese companies, I see this wave of panic-selling as an opportunity. Solid growth stocks like JD.com (NASDAQ: JD) and LexinFintech Holdings (NASDAQ: LX) are now trading at a rare discount. Here's why these two Chinese growth stocks have been on my watchlist.
Source Fool.com
