Brian Belski, chief investment strategist at BMO Capital Markets, and U.S. Department of Defense Consultant Michael Pillsbury talk about investing in emerging markets and how Alibaba is a representation of the Chinese market. They speak on “Bloomberg Surveillance.”

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Bucket-wheel excavators mine rare earth materials on Ukrainian soil on February 25, 2025, in the Zhytomyr region of Ukraine. (Kostiantyn Liberov via Getty Images)