China Tech Stocks Are Both a Buy and a Sell. You Decide

There’s a lot of renewed belief that the sky has cleared for Chinese technology companies, and that now’s a good time to jump back into one of the most lucrative investment categories of the past decade. There are also plenty of reasons to remain skeptical. So the choice comes down to investors believing in climate change, though not in the traditional sense.

Some note April 29 as the turnaround point, the day the Politburo called for regulators to act in alignment and support the platform economy — a term referring to internet companies that offer multiple services. But indices heavily weighted toward Chinese tech names, like the MSCI China index, have largely moved sideways since then. The CSI 300 index, which only tracks China-listed stocks and leans more toward financials, industrials and consumer staples, has climbed, albeit only a little.