Start the conversation
Investors worried about China's slowing GDP growth, down to 7.4% from 7.7% last year, have crushed Chinese stocks in 2015. The Nasdaq Golden Dragon China Index, which tracks Chinese companies trading in the United States, has dipped nearly 13% in the last six months.
The market slump is dragging down companies with strong financials. That's the case with Bitauto (NYSE: BITA) stock. BITA stock has pulled back 41% since its January high. That’s despite Q4 earnings being up 58% year over year, while revenue was up 101.7%.
While other investors flee, this is the time to buy BITA stock long-term. Critics who look solely at China's GDP numbers are missing the point. The rapidly changing automotive and Chinese e-commerce industries will fuel this stock for several years to come.