Reported 14 days ago
Chinese e-commerce giants Alibaba, JD.com, and Pinduoduo experienced a significant rise in stock prices after the People's Bank of China announced a series of stimulus measures aimed at reviving the struggling economy. The measures, which include interest rate cuts and reduced reserve requirements for banks, aim to increase liquidity and encourage spending. Despite recent recovery in stocks, doubts remain regarding the long-term effectiveness of these measures in addressing deeper economic issues.
Source: YAHOO