Time To Buy Alibaba, Baidu, JD.com? Jim Cramer Gives The Greenlight: 'Go Ahead... For Now'

U.S.-listed China stocks are trading way off their levels seen in 2021 and CNBC Mad Money host Jim Cramer said early Tuesday that the time could be ripe to add some them to the portfolio.

What Happened: Shortly after the People's Bank of China surprised with a rate cut, Cramer said he sees the country stimulating its stock market. “When they do that it usually works,” he said.

Alibaba Group Holding Limited BABA, Baidu, Inc. BIDU, JD.com, Inc. JD will all likely rally, the stock picker said. “So, go ahead… for now..,” he added.

Cramer has been highly critical of the economic conditions in China. In a separate post on X, formerly Twitter, he said, “It is incredible to me that the Chinese just don't clean up the debt mess.” He went to the extent of offering a plan for China later this week.

The notion that China has to grow fast for the U.S. industries to prosper is no longer accurate, Cramer said. He noted that the U.S. has dramatically lessened its dependence on China. “We have better growth,” he said.

See Also: How To Buy Alibaba (BABA) Stock

Why It's Important: China's post-reopening economic recovery has been shaky. The latest producer and consumer price inflation data showed the country is in inflation territory. The second-quarter GDP grew 6.3% year-over-year, less than the 7.3% expected by economists.

New bank loan data released last Friday showed lending dropping to the lowest level since late 2009. Data released Tuesday showed retail sales, industrial production and fixed asset investment all coming in below expectations in July.

China's property sector is reeling under a cash crunch and this is expected to have a contagion effect on the broader economy as well as the global economy.

China's Communist regime has acknowledged the economic woes and showed a willingness to cushion any potential downfall.

At last check, iShares MSCI China ETF MCHI was down 1.63% at $44.77, according to Benzinga Pro data.

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