China is holding back on stimulus – watch these stocks

A large number of Chinese consumer stocks listed in the U.S. declined in early trading on Tuesday after China's State Council failed to issue specific support measures and banks offered modest rate cuts. The developments from Beijing seemed to fall short of the stimulus actions investors expected to hear about the State Council to recharge the economy. While there have been hints of support measures for the economy, the timing of an official announcement by the government is now even more unclear. Notable decliners in Tuesday morning trading included Gaotu Techedu (NYSE:GOTU) -9.25%, TAL Education Group (TAL) -9.05%, Dingdong Limited…