The GDP growth of 5.2% should helped but due to the issuing of ultra long term bonds. It basically means. Nope... economy in China not too good
Chinese Premier Li Qiang Tried to Calm Investors. It Didn't Help Alibaba Stock. -- Barrons.com
DAVOS, Switzerland -- Chinese Premier Li Qiang had a clear message on Tuesday for the business and political leaders gathered at the World Economic Forum: The world's second-largest economy remains strong despite setbacks, and China is open for business.It will take more than that to win over investors.The effort appeared to include the disclosure of preliminary economic data covering Chinese gross domestic product growth in 2023, which had been scheduled for official release on Wednesday. Li said that China's economy was estimated to have grown by 5.2% last year -- above the official target of 5%, but still some of the slowest growth in decades.Li also addressed the escalation of trade tensions in recent months, referencing "new discriminatory trade and investment measures." Without mentioning the U.S., which has restricted China's access to high-tech chips used in artificial intelligence in a series of tit-for-tat exchanges, Li said that "obstacles or disruptions can slow down or blo
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