2 Coronavirus-Proof Chinese Stocks to Buy Now
China may be experiencing a second outbreak of COVID-19 after over 180 people fell ill after coming in contact with a market in Beijing. Authorities have declared a level 2 emergency response level, canceled flights, and closed off several communities near the epicenter of the outbreak.
While it is too soon to predict the full impacts of this developing situation, investors can take proactive steps to protect their portfolios.
Here are two coronavirus-proof Chinese stocks that can thrive in this uncertain environment because of their rapid growth and coronavirus-resistant business models. The first pick is TAL Education Group (NYSE: TAL), a bet on China's booming online education market. The second is JD.com (NASDAQ: JD), a rapidly growing online retailer that will benefit from stay-at-home shopping and its robust logistics network.
Source Fool.com
