Part 4/8:
Turning to the economic front, China grapples with both challenges and moments of optimism. Recent highlights in the stock market suggest a bullish trend in the technology sector, driven by advancements in artificial intelligence (AI) and renewed investor confidence. The Hang Seng Tech Index has surged over 25% from January's lows, outpacing gains in Western markets like the NASDAQ.
This rally is primarily attributed to deep tech innovations, particularly in AI, which have drawn foreign investors back to the Chinese tech scene. Companies like Alibaba, once beleaguered by regulatory headwinds and consumer slowdowns, have seen their shares rise significantly, boosted by prospects of collaborations in AI technology.