Investors: Don't Give Up on Investing in China
The news from Chinese financial markets in recent months certainly has succeeded in grabbing headlines. China Evergrande (EGRNY), a domestic property giant with a towering $300 billion of liabilities, teeters on the edge of bankruptcy. A Chinese government crackdown on tech companies crushed the valuations of widely held large-capitalization growth stocks such as Alibaba () and Tencent (). Beijing abruptly restricted the weekly hours that young people could spend playing video games and took an axe to the fast-expanding for-profit education industry, eviscerating the market value of several listed tutoring securities overnight.
