Morningstar: Chinese stocks still have market opportunities, preferred stocks include JD.com (09618) and others.

Morningstar senior stock analyst Chelsey Tam believes that there are still market opportunities in Chinese stocks. She expects the central government to increase consumer subsidies, with the "trade-in for new" program expected to continue for 3 years and cover more consumer categories. In terms of Chinese cyclical stocks, Morningstar Asian stock market strategist Kai Wang stated that preferred stocks include JD.com (09618), YUM CHINA (09987), and GEELY AUTO (00175). He explained that JD.com could benefit from the "trade-in for new" subsidy, Geely's monthly sales momentum is strong, and profitability is recovering, making it the preferred stock in the automotive sector. Kai Wang further pointed out that US income-dependent dividend stocks such as utilities and consumer defensive stocks are relatively less affected by market fluctuations. Chinese telecom stocks fall into this category, with China United Network Communications (00762) being a dividend-paying stock that has received a five-star rating from Morningstar.