Chinese technology giants Alibaba and Baidu fell by over 12% in New York as Investors fear the world’s second largest economy will be held back by its tough coronavirus restrictions. Shares of Chinese firms listed in the US have slumped on concerns that President Xi Jinping will continue with his ideology-driven approach at the cost of economic growth. During the week-long event President Xi, who secured a historic third term in charge, offered no timeline for the easing of the country’s strict measures to slow the spread of the coronavirus. Do you think that Chinese international policy will help them it trade more compared to the US?
