Big China Stimulus May Finally Be Coming; Copper Price, TECK, BABA Rally

By Jed Graham – Investor’s Business Daily

Chatter increased on Monday regarding possible economic stimulus measures from China’s government. Expectations of big stimulus measures out of Beijing have produced a string of disappointments since early 2023. But Chinese economic data has turned so weak that this time will likely be different, according to a leading skeptic of China’s economic stewardship. The copper price, copper miners Teck Resources (TECK) and Freeport-McMoRan (FCX), and Chinese e-commerce giant Alibaba (BABA) continued their latest rally bids in Monday morning stock market action.