China's economy and its impact on tech giants: opportunities for these 3 stocks
China is in economic stagnation and the country's government is trying to revive the economy through various measures. These measures include reducing banks' reserve requirements, adjusting interest rates and reducing down payment requirements for second home purchases. Another important step is the possibility of financing share purchases through the central bank.
This support could help large Chinese companies, including those traded on US exchanges. These include Baidu, Alibaba and JD.com, which could benefit significantly from these measures.
Baidu $BIDU: China's equivalent of Alphabet
Baidu is a tech giant best known for its search engine, but like the US's Alphabet (Google), it is also involved in other sectors such as cloud computing and robotaxi. Baidu has recently been struggling with a decline in advertising revenue and an overall slowdown in the economy, which has led to a 20% drop in stock value for the year.
Although the company's overall revenue was flat in the second…