Billionaire investors Tepper and Burry increase Alibaba investments amid China's thriving tourism sector.

Despite concerns over China's economic recovery, billionaire investors David Tepper and Michael Burry are ramping up their investments, particularly in Alibaba. BCA Research has upgraded Chinese onshore stocks, predicting they will outperform global equities. While Wall Street remains cautious, China's tourism sector is thriving, with a 6.2% rise in summer passenger trips and projections for record air travel in 2024, indicating potential economic resilience.

September 17, 2024
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