foreign market stabilizing after wild speculation over nothing took over the world

I’m confused if this is bad for China or just another example of how terrible AI(cough just llms not actually ai) fucked the world markets just like the dot com bubble but worse

Tbh nothing weird going on imo It’s the Pig cycle economics, but 100 years later. Though probably the first one was the infamous Tulip Mania crisis in the 1630s.

" Just like all other Chinese manufacturers, (chipmakers and AI suppliers) will eventually end up in a price war," said fund manager Wang ​Zhuo, partner at Shanghai Zhuozhu Investment Management. “There’s no exception,” he said. “All bubbles inevitably burst.”

It just happens intenser in China due to their unified approach and Gvment pushes.I.e what the Party wishes.

Paywall bypass for that article

Edit: The archive I was pointing to was evil. I’ll see if I can find another place to read the article without a paywall, but no promises.

Edit 2: Ok. I think I found one. I don’t think they archive the page, but it appears they do bypass the paywall. Hopefully this one isn’t similarly malicious.

This article is weirdly written with lots of nested sentences within other sentences. The space savings doesn’t make up for the confusion.