China’s Consumer Stocks Face Lost Decade as AI Steals Spotlight

China consumer stocks are approaching decade lows as investors shift their focus toward the AI boom. This trend reflects a significant disparity between the technology and consumer sectors, with the latter trapped in a lost decade. While Beijing maintains a single-minded focus on artificial intelligence, consumer companies continue to struggle. These firms are currently facing a difficult environment characterized by weak demand and disappointing earnings, causing them to sink while AI takes center stage.