Charlie Munger protégé Li Lu: Chinese stocks are undervalued and represent an investment opportunity now

Li Lu, Charlie Munger's protégé and founder and chairman of value investment firm Himalaya Capital, said shares in Chinese companies offer more investment value today than at any other time. The rare remarks were made amid tensions between China and the United States, continuing artificial intelligence competition and diverging market performance on both sides of the Pacific, touching on the outlook for the world's second-largest economy.