JD.com, XPeng, Baidu Stocks Rise. China Plans to ‘Vigorously Boost’ Consumption. - Barron's
1. Beijing unveiled a plan to boost consumption dramatically. 2. Retail sales increased 4% year-over-year, signaling economic resilience. 3. JD.com's ADRs rose 1.1% in premarket trading. 4. The plan suggests government support for domestic spending and stock stabilization. 5. Trade war concerns may limit broad economic optimism.