Big names like David Tepper and ‘Big Short’ investor Michael Burry are quietly upping their bets on the Chinese economy

As we move further into 2024, concerns about China’s economy persist. The country is still grappling with the aftermath of COVID-19 lockdowns, resulting in weaker GDP, a struggling stock market, and high unemployment rates. However, some market experts remain optimistic about China’s potential for innovation and growth. Billionaire investors like David Tepper and Michael Burry are maintaining their investments in Chinese companies, with some even increasing their stakes. Despite some pessimistic outlooks from Wall Street, there are signs of positivity such as an increase in retail sales and a surge in summer travel within China. Overall, there are mixed views on China’s economic outlook, but some believe there is potential for growth and success in the near future.