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0.000312304809494004 0 -0.000312304809494226 -0.00062460961898823 0.00156152404747024 0.00281074328544648 0.00249843847595248 0.00343535290443471
Stock impact report

Analysis-Tariff-hit China exporters reluctant to heed government calls to sell locally [Yahoo! Finance Canada]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Beijing has made increasingly louder calls on exporters to find local buyers as an alternative to the U.S. market, now frozen after Washington hiked tariffs on Chinese goods by 145%, but firms are concerned about complications in making the switch. Many export-reliant factories have decried weak domestic demand, price wars, low profits, payment delays and high product return rates in the Chinese market. Qian said she has "decided not to pursue domestic sales," because of thin margins and "cash flow risks" caused by Chinese retailers not paying bills on time, or demanding to return unsold items. "Foreign partners are more stable." These difficulties highlight the world's second-largest economy's over-reliance on exports for growth and the urgent need for measures to boost consumer incomes, analysts say. Without fiscal stimulus that boosts domestic demand, any increase in product supply in the Chinese market may even backfire, by squeezing businesses and intensifying deflatio Show less Read more
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