5 Chinese Stocks to Avoid Amid Economic Slowdown

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In this article, we discuss the 5 Chinese stocks to avoid amid economic slowdown. If you want to read about some Chinese stocks, go directly to 10 Chinese Stocks to Avoid Amid Economic Slowdown.

5. NetEase, Inc. (NASDAQ:NTES)

Number of Hedge Fund Holders: 26     

NetEase, Inc. (NASDAQ:NTES) provides online services focusing on diverse content, community, communication, and commerce in China. The stock has climbed recently on the back of reports that authorities in China had approved a mobile game developed by the company. This is the first approval for a mobile game by the government in Beijing since late July 2021. Since that time, Beijing has been tightening control over gaming and tech stocks in the country. The company is on the list of Chinese stocks to avoid amid economic slowdown as value stocks become more attractive investments.

On September 7, JPMorgan analyst Daniel Chen downgraded NetEase, Inc. (NASDAQ:NTES) stock to Neutral from Overweight and lowered the price target to $90 from $120, backing the firm to deliver long-term growth to investors. 

Among the hedge funds being tracked by Insider Monkey, Bermuda-based investment firm Orbis Investment Management is a leading shareholder in NetEase, Inc. (NASDAQ:NTES), with 3.67 million shares worth more than $342 million. 

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