3 Top Chinese Stocks to Watch in December
It's been another tough year for the world's largest country (by population) and second-largest economy. China's growth has hit the skids, and the ongoing trade war with the U.S. hasn't helped matters -- although a truce might be in the cards in the near future.
Investors who have been holding their breath for a U.S.-China agreement could be disappointed, though. Despite the headwinds, plenty of Chinese firms are still growing. Three worth keeping an eye on in December are Baozun (NASDAQ: BZUN), Yum China (NYSE: YUMC), and Momo (NASDAQ: MOMO).
While American firms like Amazon have pioneered the world of digital commerce, in many ways, the U.S. is still far behind China when it comes to technology adoption. E-commerce is one of those areas. Online retail sales are expected to make up only about 12%-13% of all retail in the U.S. in 2020, but in China, that share of all retail is expected to be more than 40%.
Source Fool.com
