AIGuardian Technologyabout 2 hours ago
China Stock Markets Lose Trillions Amid AI Race
4 min read
Trillions of dollars have been wiped from China's stock markets as Beijing races against the US for AI dominance. The STAR 50 Index plunged 40% since June, wiping out $2.4tn from the market since May. While the government invested 60bn yuan in a state-backed AI fund, weak consumer demand and US bans on technology have caused a sell-off.
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