Blog 1.4 Billion Reasons to Buy These 3 Tech Growth Stocks

1.4 Billion Reasons to Buy These 3 Tech Growth Stocks

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In a twist of irony, the biggest economic success story in the last 50 years did not occur in a capitalist country, but rather in China. 

From 2010 to 2020, China has seen its GDP grow 141% versus the United States’ growth of 17% during the same period. 

It is expected that China (and its massive population of 1.4 billion people) will eventually overtake the United States as the world’s largest economy, with the UK-based Centre for Economics and Business Research predicting this will occur by as soon as 2028. 

Against this economic backdrop, you’d naturally expect Chinese stocks to have been a bonanza and, at minimum, beaten the pants off their American counterparts… and you’d be mostly wrong. 

In fact, a $10,000 investment in the Shanghai Composite would be worth $15,400 today, good for an annual return of 4.4%. The same investment in the S&P 500 is now worth $37,300, or returns of 14.1% per annum. 

Here are 1.4 billion reasons to buy these three tech growth stocks out of China.

Alibaba is too cheap to ignore

  • Alibaba Group Holding Ltd. (NYSE:BABA)
  • Price: $162.9 (as of close Nov 2, 2021)
  • Market Cap: $441.608B