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Stock impact report

The Wealthiest Person in China [Yahoo! Finance]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
On May 29, Reuters reported that China is seeing signs of economic recovery after a long period of sluggish economic growth. Consumer spending in China has started to grow, and the government is actively addressing issues within the real estate industry. China's economy is expected to expand by 5% by the end of this year, from a previous forecast of 4.6%. The IMF reportedly raised its GDP targets for 2024 and 2025 by 0.4 percentage points. On the flip side, the IMF predicts the Chinese economy to drop to 3.3% by 2029 due to its aging population and slow productivity rates. The IMF revised its GDP targets after China reported stronger-than-expected results in the first quarter of 2024. China is now expected to expand by 5% in 2024 and 4.5% in 2025. While the economy is on track to meet its economic targets, deflationary pressures continue to act as a deterrent to the economic prosperity of China, decreasing consumer confidence. You can also read our piece on the wealthiest people in S Show less Read more
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