China’s tech sector is thriving — with a catch. Stocks are at three-year highs, driven by optimism over DeepSeek, the homegrown answer to OpenAI, and strong corporate earnings. But Tuesday’s declines — triggered by Donald Trump’s latest executive order — serve as a stark reminder that geopolitical risk will remain an enduring force in Chinese equity markets.
中國科技行業欣欣向榮，但有一個隱憂。股價正處於三年高位，其驅動因素是DeepSeek（OpenAI的中國競爭對手）引發的樂觀情緒，以及強勁的企業盈利。但週二的下滑——其導火線是唐納•川普(Donald Trump)的最新行政命令——清楚地提醒人們，地緣政治風險仍將是影響中國股市的持久力量。
您已閱讀14%（507字），剩餘86%（3145字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。