Billionaire Investors Michael Burry, David Tepper Could Benefit From China's Stimulus Measures

Quick Summary:

China revealed additional economic stimulus measures on Tuesday in an effort to revive its struggling economy.

Some hedge fund managers anticipated the move and have been buying up shares of Chinese tech companies that could benefit as Beijing unleashes more fiscal support. 

The Details: China's Ministry of Finance on Tuesday pledged to boost domestic demand, increase government spending through pension and medical insurance subsidies and support a consumer goods trade-in program. 

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Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets: United StatesChina

Topics: Top Stories Expert Ideas News Appaloosa Management Markets David Tepper BIDU Michael Burry Stories That Matter Benzinga Wizards PDD Scion Asset Management JD Asia BABA KWEB Tech US0567521085

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 18:47:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24678368

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