While 2020 was a stellar year for the China economy, this year hasn’t been as encouraging. After all, China had to deal with the sudden outbreak of the Omicron variant and an unwarranted crackdown on private organizations.

Unfortunately, these problems are broad-based and long-lasting. Thus, the downside risk on China’s 2022 economic outlook has increased significantly. In fact, the World Bank recently trimmed China’s GDP growth in 2022 from 5.4% to 5.1%, the second slowest pace of economic expansion for China since 1990, citing a CNN article.

A renewed outbreak of the Omicron variant raised concerns about a potential shutdown in the near future, thereby disrupting economic growth. The China government’s sweeping regulatory crackdown on various private tech, education, and entertainment companies has impacted its economy. Property firms, in particular, had to bear the burden of regulations and now most of the players in the real estate market are on the brink of a collapse.

No doubt, China stocks didn’t fare well this year. The MSCI China index has tanked nearly 20% so far this year, whereas stocks across the globe gained traction. To top it, many China stocks face the threat of getting delisted from international bourses. Lest we forget, China’s Didi Global recently said that it will delist from U.S. exchanges and get listed in Hong Kong, aggravating the delisting worries.

But, despite all odds, things may look good for the China economy in the near future as Beijing agreed to reconsider its economic policy. While the China government pledged to bring stability in economic growth, the People’s Bank of China recently trimmed interest rates to boost consumer spending and investment. The central bank also reduced the reserve requirement ratio for most banks to increase business and individual loans.

While these initiatives are expected to boost economic growth in 2022, China will put an effort to rebalance its economy across several areas for certain. Similarly, the stock market is expected to bounce back from a major correction. This calls for placing bets on some noteworthy China stocks for next year. Here’re the players –

JD.com, Inc. JD is primarily an e-commerce company in the People’s Republic of China. JD.com provides a wide range of products through its website, including mobile handsets, home appliances, accessories, clothes, personal care items, and e-books, to name a few.

Despite stringent government regulations impacting the broader Internet companies in China, JD.com recently posted commendable third-quarter earnings results. In reality, the earnings results were boosted by an expansion in its supermarket and other retail groups.