aceChinese markets lose trillions as race for AI supremacy with US takes its toll
Trillions of dollars have been wiped from China’s stock markets in recent months amid increasing anxiety about the future of artificial intelligence, as Beijing races against the United States for dominance in the sector. The STAR 50 Index, which tracks technology and innovation companies on the Shanghai stock exchange, has plunged 40% since June. Other indexes of major companies dropped by about 20% over the same time period. The precipitous drop has wiped out $2.4tn from the Chinese stock market since May, acc…
China's AI-heavy equity market has lost $2.4tn since May, with tech indexes falling 20% to 40%, because AI and robotics firms struggle with thin profits, weak domestic demand and US restrictions.
Evidence
- JournalismThe Guardian2026-10-27
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Truvace Impact Record TRV-2026-2276, v1: “Chinese markets lose trillions as race for AI supremacy with US takes its toll.” Truvace, 2026-10-27. /record/TRV-2026-2276 (accessed at citation time). sha256 8d1b38e6866e462e…
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