Chinese Stocks Drop as Weak Exports Signal Economic Struggles

• Chinese exports fell more than expected in March, missing economist expectations and weighing on Chinese stocks • The export decline signals continued economic weakness in China and reduces hopes for a near-term recovery • Alibaba, JD.com, and PDD Holdings stocks fell 3-5% on the news, as all three companies rely on strong consumer demand in China • PDD has been more resilient thanks to growth at Pinduoduo and Temu, but still faces headwinds from a weak Chinese economy • Investing in Chinese stocks remains risky given ongoing economic and geopolitical challenges, though PDD looks most promising of the three