JD.com and other China stocks trade higher as annual parliamentary meeting ends.

China's consumer price index (CPI) rose by 0.7% in February, hitting an 11-month high, driven by increased spending during the holiday season. Chinese stocks saw gains, with the Hang Seng Index rising 1.3% to 16,570.86, and the Shanghai Composite Index increasing by 0.7% to 3,068.46. The CPI rebound boosted hopes for an economic recovery, as China's government sets a 5% growth target for 2023 despite challenging economic conditions.

March 11, 2024
13 Articles