Yes other sectors are losing money (like food delivery, metals , auto industry in China were some are still loading money due to price wars , CATL for example made more profit this first quarter than all the top 7 Chinese car makers combined , which is crazy) for a while but other sectors are also benefiting from the AI boom , so all is not doom and gloom . People tend to always focus on one side depending on their bias, which is never the case in reality , since everything is always relative and not absolute. So we should always be measured in our observations.
china is doing relative well actually. So no point to being gloomy about them, same with US they have flourishing sectors and sectors that are not doing as great. But others will focus only one or the other depending on their own bias as well . Etc It’s all relative.
