China Stocks Like Alibaba, NIO, JD.com Tumble As Country Sets Lowest Growth Target Since 1990s - Alibaba Gr Hldgs (NYSE:BABA)

U.S.-listed Chinese tech stocks slid Thursday morning. Beijing's cautious 2026 economic growth target rattled traders before the opening bell.Beijing Cuts Growth Ambitions to 4.5–5%China set its 2026 Gross Domestic Product growth target at 4.5% to 5%. That marks the lowest level since Beijing began publishing such figures in the early 1990s.Chinese Premier Li Qiang described the current climate as exceptionally "grave and complex." He cited intertwined external shocks, domestic challenges, and difficult pol ...