US-listed China tech stocks Alibaba (BABA), JD.com (JD), and PDD (PDD) are under pressure as investors show some concerns over China’s stimulus measures. While the People’s Bank of China (PBoC) has recently announced various stimulus initiatives, the country’s economic planning agency announced that it is projecting spending of about $28 billion next year.
Market Domination Hosts Julie Hyman and Josh Lipton report more on the story and discuss the state of China’s struggling economy.
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This post was written by Melanie Riehl
