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Global News Impacting Chinese Tech

Why are Alibaba, Baidu and other Chinese stocks trading higher on Thursday ahead of the market?

News Snapshot:

The Chinese have described this week’s talks with the United States in Switzerland as constructive, according to SCMP reports. Talks in Switzerland between Yang Jiechi and White House national security adviser Jake Sullivan ended without the confrontational tone that damages their March assembly in Anchorage, Alaska, and Beijing this time said the discussion “is adequate to strengthen mutual understanding. “ The most sensible Chinese diplomat under pressure on the importance of Washington’s positive gestures towards the environment and the two sides agreed to a virtual summit between their presidents. China has attached importance to President Biden’s recent positive statements on…

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