China Stocks Enter Bear Market with $2.4 Trillion Lost

• Chinese stocks entered a bear market, losing $2.4 trillion since May.
• The slump is attributed to a protracted decline in consumption and doubts over AI companies' profitability.
• This makes Chinese stocks one of the world's worst performers.
• The market peak was reached in May, and the decline has been ongoing.
• The situation has raised concerns about the economic recovery and policy effectiveness.