EconomyChinese markets lose trillions as AI race with US takes its toll

China’s stock market has shed $2.4tn since May as investors question whether Beijing’s AI boom can last. The STAR 50 Index has fallen 40% since June, while other major-company indexes are down about 20%. Weak profits, domestic demand and the prospect of wider US restrictions on Chinese technology are adding to the sell-off.

Chinese marketsartificial intelligencetechnology stocksUS-China competition

TThe Guardian★★★☆☆2026-10-27 04:42Original