News Summary

Leading Chinese internet companies, including Alibaba, JD.com, and Pinduoduo, have initiated multibillion-dollar campaigns to assist traditional exporters in shifting their focus to domestic sales. This move is part of a broader national strategy to shield China’s economy from the effects of an intensifying trade conflict with the United States. The efforts by these tech giants aim to bolster the domestic market by enabling exporters to sell their goods within China, thus reducing their reliance on international markets.