Premarket Trading and Chinese Economy

China economy: The results were a reassuring sign as worries about a slowdown in the Chinese economy continue, according to The Toronto Star. Shares jumped 3 per cent in premarket trading. The Chinese e-commerce powerhouse third-quarter net income jumped ahead of analyst expectations as mobile shopping continued to grow and Chinese customers snapped up items during the holidays. Executives sought to put a positive spin on the China economy. China is still one of the fastest-growing economies in the world. The Chinese economy is going through a structural shift from high-growth to more moderate more sustainable growth, said Joe Tsai, executive vice chairman. (news.financializer.com). As reported in the news.