Foreign cash streaming back to China after Alibaba's restructuring plans

Foreign cash streaming back to China after Alibaba's restructuring plans

FILE PHOTO: Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration

Foreign investors are steadily marching into China in the wake of Alibaba‘s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.