The most interesting thing about the DeepSeek-driven stock reckoning is what this moment says about the globe’s two biggest economies.
To dispense with the obvious, neither Donald Trump’s 2017-2021 trade war nor Joe Biden’s more targeted curbs these last four years halted Chinese leader Xi Jinping’s tech ambitions. While encountering some speed bumps here and there, Xi’s “Made in China 2025” extravaganza arguably just scored its biggest public-relations win.
The shockwaves that Chinese artificial intelligence startup DeepSeek sent through global markets generated the best headlines Xi’s economy has had in a long while.
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