Why Chinese Stocks Are Rocking Wednesday Morning

Wednesday dawned bright for Chinese tech stocks, with shares of e-commerce company Pinduoduo (NASDAQ: PDD) rising 7% through 10:15 a.m. ET. Online streamers and mobile gaming providers iQIYI (NASDAQ: IQ) and Bilibili (NASDAQ: BILI), meanwhile, gained 6.6% and 8%, respectively.

And you can thank Chinese president Xi Jinping for all of that.

Image source: Getty Images.

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