China's Old Economy Running Out Of 'Spirit': Market Leadership Changing | GRAVITAS

China’s market is undergoing a dramatic shift — from baijiu to chips. Institutional investors are cutting stakes in traditional liquor giants like Kweichow Moutai and redirecting capital towards semiconductors, AI and high-tech hardware. China’s old economy is facing pressure from weak consumer demand, property troubles, austerity rules and changing spending habits among younger consumers. At the same time, Beijing’s push for technological self-reliance is making chips and AI increasingly attractive to investors. Is China’s “old economy” running out of spirit? And are semiconductors and AI becoming the new engines of China’s market?

#gravitas #china #chinaeconomy #baijiu #semiconductors #ai

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