{"id":745897,"date":"2026-07-06T05:43:12","date_gmt":"2026-07-06T05:43:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/745897\/"},"modified":"2026-07-06T05:43:12","modified_gmt":"2026-07-06T05:43:12","slug":"as-tech-rallies-and-consumer-shares-lag-chinas-stock-market-forms-microcosm-for-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/745897\/","title":{"rendered":"As tech rallies and consumer shares lag, China\u2019s stock market forms microcosm for economy"},"content":{"rendered":"

The unevenness of China\u2019s economy<\/a> is now well reflected in its US$16 trillion stock market<\/a>, as technology companies ride a bull run but consumer stocks fall behind.<\/p>\n

Artificial intelligence chipmakers, from Cambricon Technologies to Moore Threads Technology, have led a roughly 50 per cent gain in the Nasdaq-style Star Market this year, as part of the global frenzy over AI.<\/p>\n

In stark contrast, Kweichow Moutai<\/a> \u2013 considered a proxy for China\u2019s domestic consumption \u2013 and other leading liquor producers have dropped at least 11 per cent in the same span. The CSI 300 Index benchmark has seen its consumer sector stocks fall by about 20 per cent.The divergence illustrates asymmetric growth of the world\u2019s second-largest economy since the start of the year, in which hi-tech manufacturing<\/a> has gained traction and consumer spending has languished, amid a lack of meaningful stimulus measures by the state.The latest official economic data showed the bifurcation had deepened; data from May added further evidence that traders are right about chasing technology stocks and abandoning consumer companies. Retail sales declined<\/a> by 0.6 per cent from a year ago, the first contraction since December 2022, when China removed Covid-19 restrictions.<\/p>\n

\u201cChina\u2019s domestic consumption is weak, but technology remains a structural bright spot,\u201d said Zheng Yueling, an analyst at Orient Securities.<\/p>\n

\u201cFor the stock market, investors need to identify structural opportunities by following industry sentiment and verifying earnings. Hi-tech manufacturing and electronics chains have the upper hand, while consumer and those linked to traditional capital expenditure face restraints on earnings expectations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The unevenness of China\u2019s economy is now well reflected in its US$16 trillion stock market, as technology companies…\n","protected":false},"author":2,"featured_media":745898,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[182,181,28,38577,144,22318,320227,101,5425,320228,109722,921,23950,28607,320226,231561,1169],"class_list":["post-745897","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-artificial-intelligence","tag-business","tag-cambricon-technologies","tag-china","tag-consumption","tag-csi-index","tag-economy","tag-hong-kong","tag-kweichow-moutai","tag-moore-threads-technology","tag-nasdaq","tag-national-bureau-of-statistics","tag-retail-sales","tag-shanghai-stock-market","tag-star-market","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/745897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=745897"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/745897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/745898"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=745897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=745897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=745897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}