There have been concerns about China's economic health after COVID. China's economy was the hardest hit by the zero covid policy which resulted in prolonged shutdowns. This had a major impact on their economy and the future outlook.
However, there is a probability that China's economy will make a comeback. We are looking at a sluggish recovery and the technology sector will be leading the charge. Since getting access to invest in some solid Chinese tech companies is not possible for us. We are looking at CQQQ.
The ETF seems to be on its way to forming higher lows as China's economy shows signs of recovery based on its economic data.
We are taking our first entry today as we monitor the ETF moving forward.
However, there is a probability that China's economy will make a comeback. We are looking at a sluggish recovery and the technology sector will be leading the charge. Since getting access to invest in some solid Chinese tech companies is not possible for us. We are looking at CQQQ.
The ETF seems to be on its way to forming higher lows as China's economy shows signs of recovery based on its economic data.
We are taking our first entry today as we monitor the ETF moving forward.