China Lowers 2026 GDP Growth Target to 4.5%-5%, Weakest Since 1990s
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy BABA?
Source: seekingalpha
- GDP Growth Target Cut: China has lowered its 2026 GDP growth target to a range of 4.5%-5%, marking the weakest official goal since the early 1990s, which underscores the increasing pressure on the macroeconomic environment and may further weaken investor confidence in the equity market.
- Tech Giants Lagging: Against this backdrop, well-known internet and consumer tech companies like Alibaba (BABA) continue to lag, with Alibaba's Relative Strength Index (RSI) at 22, indicating it is heavily oversold and may face further price adjustments in the near term.
- Technical Indicator Analysis: Baidu (BIDU) and JD.com (JD) have RSIs of 24 and 25 respectively, suggesting they are also in a state of being oversold, reflecting a bearish market sentiment that could influence future investment decisions.
- Overall Market Sentiment Weak: Tencent Holdings (TCEHY) and Tencent Music (TME) show RSIs of 29 and 30, indicating persistent selling pressure, and the overall market lacks upward momentum, prompting investors to approach potential market volatility with caution.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 130.790
Low
180.00
Averages
203.09
High
230.00
Current: 130.790
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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