กำไรที่ดิ่งลงเปลี่ยนภาวะตลาดหุ้นจีนมูลค่า 3.5 ล้านล้านดอลลาร์ให้กลายเป็นกับดักที่ลึกยิ่งขึ้น

The world's second-largest equity market has suffered a severe correction, shedding approximately $3.5 trillion in market capitalization since its peak in May. Comprehensive data compiled by Bloomberg reveals that deteriorating corporate profit margins are the primary catalyst driving the persistent sell-off. Domestic demand weakness, real estate sector distress, and slowing industrial output continue to weigh heavily on investor sentiment. As stock prices slide further, market participants find themselves caught in a liquidity trap with limited near-term recovery catalysts. Government stimulus measures have thus far failed to restore sustained confidence among institutional and retail equity holders. Consequently, international capital continues to rotate away from Chinese equities in favor of more resilient global markets.