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Chinese Stocks Tumble as Weak Economic Data Raises Concerns
Shares of Alibaba, NIO, and other Chinese stocks are trading lower after weak economic data showed a slowdown in factory output, investment, and consumption in China, raising concerns about a deflationary spiral.
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CuttNews -
2024-09-16
US-listed Chinese stocks, including Alibaba Group Holding Limited (BABA) and PDD Holdings, Inc. (PDD), are experiencing a slight decline in trading following the release of weak economic data over the weekend.
The released data revealed that factory output, consumption, and investment in China all experienced a more significant slowdown than expected. In addition, the jobless rate unexpectedly rose to a six-month high, and home prices fell at the fastest pace in the past ten years. These figures have increased concerns about the possibility of the world's second-largest economy falling into a ... clique aqui para ler mais.
