August 19, 2021, 11:35 pm EDT
Check out the following China stocks on their charts: BABA, JD, PDD, NIO, NTES, BIDU, DIDI, EDU, TAL, TME, ZTO, BILI, HTHT. Everyone would make the same conclusion: China is in big trouble.
Indeed, The second-largest economy in the world lost its steam from the title of the manufacture of the world. Series actions initiated by China Communist Party (CCP) to control or knockdown its own enterprise began to show their results. There are down one-by-one when the news or policies were announced. Like Alibaba (BABA), Tencent Music (TME), or newly IPO Didi (DIDI), their fates are identical which is nose-dive to the ground.
Although its impact is limited to China at this moment, its ripple effect could spread out when more bad news hits China in terms of the housing market, job market, inflation, food crisis, etc.
China stock markets could serve as an indicator for the US or world markets. New lows of these stocks mean the major downtrend just started for China. Decades-long bulls cycle are turning to bears. Its outcome could be significant.