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Cramer says it’s impossible to recommend Chinese stocks in a hostile communist regime

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CNBC’s Jim Cramer said Wednesday he can’t recommend investors buy Chinese stocks because the communist government there is a “total wild card.”

Chinese President Xi Jinping “does not like capitalism,” Cramer told “Squawk Box,” saying the leader of the world’s second-largest economy “may be the first totalitarian dictator in a long time.”

Cramer’s comments came as two well-known U.S. investors sent mixed signals on Chinese stocks.

Charlie Munger‘s media and investment firm, Daily Journal Corp., nearly doubled its stake in Chinese e-commerce giant Alibaba, according to a regulatory filing Tuesday. Munger, who turned 98 on New Year’s Day, is also Warren Buffett‘s longtime investing…



Source cnbc.com

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