The Chinese economy, after enduring a period of economic turbulence characterized by decelerating retail spending growth, falling real estate prices, and a slump in industrial productivity, appears to be showing signs of recovery. This comes on the heels of stimulus measures initiated by China's central bank, including an unexpected interest rate cut and reduction in banks' reserve requirements to encourage lending.
The recent narrative has been bearish. Just don't get so caught up in the past that you forget stocks reflect a company's likely future.
Alibaba (BABA) shares are up in late trading as the Chinese government considers easing stock restrictions on foreign ownership of domestic publicly traded companies, according to a report from Bloomberg. Yahoo Finance Live discusses the news. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.