Chinese equities have surged to their best week since 2008 after Beijing launched an economic stimulus package including a US$114 billion war chest to boost the stock market.
Shares of Chinese consumer stocks PDD Holdings ( PDD 5.72%), Baidu ( BIDU 4.57%), and JD.com ( JD 3.80%) rallied big this week, up 29.5%, 18.9%, and 33.1%, respectively, through Thursday trading, ...