Nio Stock Starts to Rev Up on Hopes for Chinese Economic Stimulus

China’s CSI 300 Index has been in a downtrend since February 2021. While the Chinese government has been hesitant to provide stimulus in the past, the country is running out of options to boost its economy. That could provide a helping hand to Nio (NYSE:NIO).Officials from China have suggested that consumer stimulus will be necessary in order to reach yearly economic growth targets. This comes amid a housing crisis and rampant deflation. Declining housing prices have especially affected consumer demand, as ...