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Why Alibaba, JD, and Other Chinese Tech Stocks Rallied Wednesday Morning

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Summary
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82% Informative

Chinese Premier Li Qiang announced support for the country's most important emerging industries, particularly in the technology space.

China kept its economic growth target of 5% intact despite the Trump administration's tariffs and the increasing concerns of a protracted trade war.

Chinese stocks tend to be a bit riskier, but for investors with the appropriate long-term outlook, now might be a good time to pick up shares of these stocks before they run higher.