Alibaba Stock Rips Higher As China Vows Serious Stimulus, But Is BABA Stock A Buy Now? FacebookXLinkedIn KEN SHREVE 07:35 AM ET 12/09/2024 Alibaba stock was up sharply in premarket trading Monday after China vowed to ramp up policy stimulus in 2025 to reignite growth. The comments came before the start of the Central Economic Work Conference, which will set specific policy intentions in 2025. Alibaba (BABA) broke out powerfully in September after China announced stimulus measures to help an economy that's been slow to recover. But Alibaba stock recently pulled back more than 25% off its high. On several occasions, the declines came in higher volume, a sign of at least some institutional selling. That means overhead supply could be a headwind for Alibaba stock as it tries to rally toward hi
China's economy expanded by 5.4% in the fourth quarter, exceeding the market's expectation, as a flurry of stimulus measures powered the economy to meet Beijing's growth target. That last-quarter sprint helped lift China's full-year GDP growth to 5.0% in 2024, in line with the official target of "around 5%."