PDD Holdings Inc.PDD
Mentioned
Impact on stocks 1
Consumer Discretionary
PDD Holdings Inc.China has accused other G20 nations of promoting protectionism after they criticized economies that rely heavily on exports. U.S. Treasury Secretary Scott Bessent said 19 of the G20 members agreed to address the unsustainable equilibrium from a stream of cheap exports, with China dissenting. The Commerce Ministry pushed back, calling the complaints an excuse to pressure and restrict China. Spokesperson Ling Huang said China firmly opposes such hype, which disrupts the global economic order. She also urged France to halt a law targeting Chinese e-commerce firms like Temu, warning of necessary measures, and called on the U.S. to lift sanctions on Chinese companies and citizens.
PDD Holdings Inc.