Here's My Favorite Chinese Stock to Buy in September (And It's Not a BAT)
These days, there's considerable fear around Chinese stocks, due to the looming U.S.- China trade war. Nevertheless, some of the best-performing companies of late have been Chinese tech companies such as Meituan Dianping and Alibaba, which both posted terrific recent earnings reports. While the industrial and manufacturing companies in China are being hit by U.S. tariffs, the above examples show that at least some consumer-driven Chinese tech companies are doing just fine.
Yet my current favorite Chinese stock isn't known as a technology company...though it really is.
Ping An's towering presence in Shenzhen. Image source: Getty Images.
Source Fool.com
