New chip from China, new game for world

Updated: Aug 1, 2026 By Zhou Lanxu, Zhuang Qiange and Jiang Xueqing chinadaily.com.cn Print

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Global tech stocks saw a dramatic swing this week. From CXMT's listing to the launch of Kimi K3, China's tech breakthroughs are reshaping how global markets price the future. Yu Xiangrong, chief China economist at Citi, said that if the one-sided AI narrative starts to crack and global capital needs to rebalance, Chinese assets may draw renewed attention.

Huang Qi and Sun Manqi contributed to this story.