China Announces Major Consumption Stimulus as JD.com Reports Strong Growth

China's government unveils plans to boost domestic spending while JD.com exceeds revenue and profit expectations for Q4.

China's National People's Congress press conference revealed an upcoming 'Action Plan for Boosting Consumption' aimed at revitalizing domestic demand.
JD.com reported a 13.4% increase in Q4 revenue to RMB 347 billion, surpassing analysts' expectations and reflecting strong consumer spending.
The e-commerce giant's quarterly profit nearly tripled year-over-year, reaching RMB 9.9 billion, driven by increased demand and strategic price cuts.
China's fiscal policies include increased government bond issuance and proactive measures to address local government debt and support key sectors like education and social security.
Stock markets in Hong Kong and Mainland China surged following announcements of stimulus measures, with significant gains in tech and consumer discretionary sectors.