
Chinese Tech Stocks Drop Amid Economic Concerns
Chinese stocks, including Alibaba, Baidu, and JD.com, fell sharply following disappointing economic data and a warning from President Xi Jinping against reckless growth and local government spending, suggesting potential limits on future stimulus measures despite weak economic indicators like slow retail sales and falling investment. The market decline reflects concerns over China's economic outlook amid Xi's emphasis on high-quality, sustainable development, with major indices and stocks experiencing notable drops.













