CCP CHINA JUST VOWED TO SUPPORT CHINA STOCK
Article: https://finance.yahoo.com/news/china-tech-stocks-rebound-dip-012706093.html
The CCP seems to have to keep putting out fire after fire. First it was evergrande and multiple developers blowing up. Now the CCP has to provide unprecedented intervention to save their stock markets that have been crashing. Where there's smoke, there is a fire. The CCP wants to make sure there is stability before Xi gets renominated again this year. However, this intervention still doesn't hide the fact that Baba and JD had slowing revenues. How does that happen when China imposes draconian lockdowns and people need e-commerce more than ever? Something smells fishy over there. I wonder if they are on the verge of a much bigger meltup, or a slowdown/recession at least.
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