Shares of Chinese e-commerce giant Alibaba (BABA) got a lift from Beijing’s policymakers this month after it was announced that boosting

China has announced a plan to revitalise domestic consumption as President Xi Jinping’s government battles to reverse weak confidence and deflationary pressures in the world’s second-largest economy.

The plan was to vigorously boost consumption, expand domestic demand, and “enhance consumption capacity by increasing income and reducing burdens.”