Technology China

Chinese markets lose trillions as race for AI supremacy with US takes its toll

Lack of profits and the threat posed by western countries are raising concern about the sustainability of Beijing’s AI boom Trillions of dollars have been…

By The News Engine Desk Based on reporting by The Guardian

27 Oct 2026, 10:12 IST 1 min read 0 views

Image accompanying the story: Chinese markets lose trillions as race for AI supremacy with US takes its toll — Image: Photograph: China News Service/Getty Images · via The Guardian

The Guardian reports: Lack of profits and the threat posed by western countries are raising concern about the sustainability of Beijing’s AI boom Trillions of dollars have been wiped from China’s stock markets in recent months amid increasing anxiety about the future of artificial intelligence, as Beijing races against the United States for dominance in the sector.

The STAR 50 Index, which tracks technology and innovation companies on the Shanghai stock exchange, has plunged 40% since June.

This technology story centres on China. Names and organisations mentioned in the coverage include Chinese, Beijing’s AI and AI.

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Key details

Location: China · Asia
Reported by: The Guardian
First reported: 27 Oct 2026, 10:12 IST
Key names: Chinese, Beijing’s AI, AI, Trillions
Section: Technology
Figure cited: Other indexes of major companies dropped by about 20% over the same time period. (The Guardian)