{"id":29662,"date":"2023-06-30T11:35:23","date_gmt":"2023-06-30T15:35:23","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/alibaba-stock-jd-com-slip-after-china-reports-weak-economic-data\/"},"modified":"2023-06-30T11:35:24","modified_gmt":"2023-06-30T15:35:24","slug":"alibaba-stock-jd-com-slip-after-china-reports-weak-economic-data","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=29662","title":{"rendered":"Alibaba Stock, JD.com Slip After China Reports Weak Economic Data"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000682967\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>China stocks traded in the U.S. were poised to fall on Friday amid fresh signs that the world\u2019s second-biggest economy is struggling.<\/p>\n<p>\n        Alibaba<br \/>\n       traded down 0.7% in the premarket.<br \/>\n        JD.com<br \/>\n       was down 0.3%. Hong Kong\u2019s Hang Seng Index closed 0.1% down.<\/p>\n<div class=\"paywall\">\n<p>Data from purchasing managers index surveys showed manufacturing is still in contraction and the growth of services is softening. Employment fell in both. While the figures were weak, they didn\u2019t raise much hope that the government and central bank would make further efforts to stimulate growth\u2014which has been disappointing since the country lifted Covid-19-era restrictions on activity.<\/p>\n<p>The central bank has recently cut several key interest rates, but it has been cautious not to do too much as the country copes with an unsteady real estate market. The government has also been reluctant to step up spending. A burgeoning technology cold war between the U.S. and China isn\u2019t helping sentiment.<\/p>\n<p>Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/alibaba-stock-price-jd-china-b1b7dd87?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China stocks traded in the U.S. were poised to fall on Friday amid fresh signs that the world\u2019s second-biggest economy is struggling. Alibaba traded down 0.7% in the premarket. JD.com was down 0.3%. Hong Kong\u2019s Hang Seng Index closed 0.1% down. Data from purchasing managers index surveys showed manufacturing is still in contraction and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-29662","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alibaba Stock, JD.com Slip After China Reports Weak Economic Data | iFintechWorld<\/title>\n<meta name=\"description\" content=\"China stocks traded in the U.S. were poised to fall on Friday amid fresh signs that the world\u2019s second-biggest economy is struggling. 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