Chinese Stocks Rally on Economic Optimism After Government Support and Upbeat Data
- Chinese stocks rallied after annual parliamentary meeting and improved economic data
- Consumer price index rose 0.7% in February, showing increased demand
- Beijing announced more economic support and 5% GDP growth target
- Alibaba, JD.com, and PDD Holdings shares climbed on positive outlook
- Competition remains intense in e-commerce, but valuations are low after years of declines
