Another Reason Why China is Uninvestable

As world markets steam to fresh highs, the Hang Seng is pinned to 15 year lows. China is communist, after all, even though they pretend to be a capitalistic command economy. Yesterday, out of nowhere, China proposed a bill to limit in game spending. On the surface, this is a good thing because fuck games. It rots the brains of children. On the other hand, there is freedom to contend with. There are some schools of thought that a benevolent government is useful to help its people remain on the right track. We can see the opposite of that here in America, where they indoctrinate children to hate how they look, feel and think.

I’m not sure if the Chinese approach is right — but I know our approach is wrong. Nevertheless, it would BEHOOVE you to glance over at shares of Tencent, $NTES and other China related names and say “this is ok” for an investor. China is a black box and no one knows what’s inside of it.

For the year, $PDD is the star in China, +75%. $BABA used to be the star, until Jack Ma got out of line and was disappeared. They truly had enough of his shit and made sure to make him fuck off for life. Shares of $BABA are down 14% for 2023.

Even so, seasonality is great for Chinese stocks in January and I was thinking about loading up on some of those fuckers before 2023 ended. But I have to admit, the chicanery inside that country gives me pause. This is the reason why, in Stocklabs, I label all companies from China “Chinese Burritos”, as they are some sort of mystery meat — obscure and suspect.

China might be on the move higher as a nation — but their stock market fucking sucks.