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Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies.
Express News | Alibaba Down 4.4%, PDD Holdings Down 3.7%, NetEase Down 5.6%, Baidu Down 3.5%
10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Express News | Ishares MSCI China ETF Down 3.7%, Ishares China Large Cap ETF Down 4.2%, Kraneshares CSI China Internet ETF Down 4.3%
Express News | JD.com Down 3.1%, Li Auto Down 3.7%, NIO Down 1.9%
Express News | Alibaba Down 3.4%, PDD Holdings Down 2.7%, NetEase Down 4.3%, Baidu Down 2%
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