Economic TimesLean R·
Dragon trails on AI bullet train as stocks shed most since 2001
Chinese stocks are experiencing a significant downturn in 2026, with the MSCI China Index plummeting 15%, marking its worst performance globally. Tech giants Tencent and Alibaba have seen substantial drops, erasing billions in value. This decline contrasts sharply with earlier optimistic forecasts from financial institutions like Goldman Sachs. Despite economic headwinds, China's factory activity expanded in June, buoyed by strong demand for AI-related products and robust export orders.
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