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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This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)