China’s economy is rebounding as its central bank enacts a policy of monetary easing that is seeing reductions in loan requirements and other regulations that are adding liquidity.
Chinese stocks are experiencing a rebound, with the Shanghai and Shenzhen Stock Exchanges both closing in the positives in sharp contrast to U.S. markets.
It was a windfall day for Chinese internet stocks as Chinese regulators began concluding their investigation into DiDi Global, a ride-sharing company, indicating that the wave of regulations within the sectors is finally easing, reported Barron’s. Chinese stocks in general are set to experience gains as Shanghai’s lockdowns continue to ease and pressure from topRead More
Chinese tech giants are reporting earnings this week, with Alibaba and Baidu reporting between the close of China’s markets and the opening of U.S. ones.