Can foreign investors learn to love China again?

FOR CHINESE stocks to outperform American ones is rare enough. But this year the MSCI China index has beaten its American equivalent by an impressive 20 percentage points, on the back of excitement about cutting-edge tech firms such as DeepSeek and Manus AI. American shares, meanwhile, have been weighed down by worries about a bellicose Trump administration and the danger of a slowing economy.