Should You Buy the Dip in Alibaba Stock Ahead of China's ‘Two Sessions?' [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
China is set to commence “Two Sessions” this week. These include the Chinese People's Political Consultative Conference, which began today, March 4, and the National People's Congress, which will begin tomorrow. It's an annual event in China where, among others, the world's second-largest economy sets annual growth targets, which it had been setting at “around 5%” for the last three years. For this year, the country is expected to set the target between 4.5% and 5%, which would be the first time that the target would be set below 5%. That said, given China's mammoth GDP, which surpassed $20 trillion last year, even a 4.5% growth would mean that the country would add the most incremental absolute dollars to global growth. More News from Barchart Dear Costco Stock Fans, Mark Your Calendars for March 5 SanDisk Stock Forecast: Can the Rally Continue Into 2026? Dear Broadcom Stock Fans, Mark Your Calendars for March 4 Our exclusive Barchart Brief newsletter is your FREE midday
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