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Why Alibaba Stock Was Falling Again Today

TheMotleyFool

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Why Alibaba Stock Was Falling Again TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Alibaba Group (NYSE: BABA) were sliding again today as further signs of weakness emerged in the Chinese economy.

In an effort to restore optimism about China's recovery, the country reported 2023 gross domestic product GDP growth a bit early with China's Premier Li Qiang saying at the World Economic Forum in Davos that the economy grew "around 5.2%."

China has been known to manipulate the timing of economic data releases, and the earlier-than-expected update could be an attempt to influence public opinion.

Source Fool.com