🚨BREAKING: China is having the strangest bad year in its market's history: it's underperforming the world by the most since 9/11, during the biggest AI rally the world has ever seen.

That's the part that makes this different from every other China slowdown story. The MSCI China Index is down 15%, worst globally after Indonesia, while the rest of the planet rides AI infrastructure spending to record highs.
Tencent and Alibaba alone have wiped out $337 billion combined, down nearly 30% each.
China has the chip fabs, the AI labs, the state backing. It has almost everything except foreign capital willing to bet on it, because inflows through Hong Kong's stock connect just turned negative for the first time since 2023, and Beijing's own crackdown on cross-border brokerage flows made it harder for money to move in.
Every other major market is being pulled up by the exact narrative China is being left out of.