Well, I thought about it before, but I decided that I just won't buy stocks from China. The only thing that would probably make sense to me is to position for some short period of time and sell at a nice profit.

It's a risk, but for portfolio diversification and smaller positions, China is quite an interesting choice.

China is not bad. There are some interesting companies there, and I wouldn't worry about the biggest ones. So for me, $BABA is totally fine.

I don't actively follow China, but I have shares of $BABA which now make me really happy and sometimes I regret that I haven't bought shares of $PDD yet.

It's hard to say. They may grow for a while, but it's a risk. I don't invest in China and I won't.

It depends on your tolerance for risk. If I take, for example, American stocks or a complete set of countries in a developed economy, then there is a certain degree of predictability in how the legal environment and regulation will develop. In China, the Party is speaking into things that are none of its business, and that has a major impact on demographics, for example. It is not at all difficult to imagine a situation similar to Russia happening for geopolitical reasons. The US government is already trying very hard to slow their growth with sanctions and tariffs. If they keep the pressure on the rest of the world through ESG they may well get even tougher. Regardless of all this, when you own Chinese stock, you don't hold any shares in the company, you just have the promise of the profits they will generate, and that can be taken away by the party at any time.

I have avoided China for a long time. I don't follow their stocks on a daily basis, although I do look at the biggest ones from time to time. But I just keep myself plus or minus in the loop. Even if they were up 10%, I wouldn't put my money there. But for someone who already holds the stock, as you wrote, it's a positive.