Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Why JD and PDD Are Surging Despite Chinas Widening Trade Deficit
China's trade deficit hit $77.6 billion in May, but e-commerce stocks JD and PDD are rallying—up 7% and 6% in five days. Lucas and Luna explore the disconnect: domestic consumption resilience, stimulus expectations, and the market's shift away from export-sensitive sectors. They also discuss the impact of the Iran conflict on oil imports and why yuan stability is boosting consumer confidence. Is this a rotation toward China's domestic economy?
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