Cheaper Loans, Tariff Relief: Why Chinese Stocks Are Climbing – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)
U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand and supporting economic growth, adding to the momentum sparked two days earlier by President Donald Trump‘s extension of the U.S.-China trade truce. Beijing Backs Borrowers, Bets On Consumption Revival China’s…
