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(Bloomberg) -- Chinese tech stocks listed in Hong Kong extended their slump from a high in October to about 20%, as investors reduced positions amid rising geopolitical risks and caution toward earnings. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections S

(Bloomberg) -- China announced a 10 trillion yuan ($1.4 trillion) program to refinance local government debt, as Beijing rolls out more measures to support a slowing economy facing new risks from the reelection of Donald Trump.Most Read from BloombergKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowChina will raise local governments’ debt ceilin

Trump won the election on a platform of steep import taxes, including tariffs as high as 60% on China.

Chinese authorities have been cracking down on businesses from real estate to technology to finance.

Despite the risks of investing at a volatile time, investors see the recent stock rally as a rare opportunity to make money when China’s economy is sluggish.

Plans announced by officials sparked a stock market rally but economists are unsure it is enough.

Exchange-traded funds overseas that track Chinese stocks continued their rally Wednesday even as mainland markets were shut for a week-long holiday.

China stocks posted their best day since September 2008 as investors race to take advantage of a massive stimulus push aimed at shoring up the country's fragile economy.

The Shanghai Composite rallied 8.06% in its best day since September 2008.

A double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.

While the meeting readout did not provide many details, it is significant for a country where policy directives are determined at the very top.

Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.

Beijing’s leaders are working with regional neighbors on the country’s western, northern and southern borders to develop new rail and sea links.