Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: 'Confidence does feel like it's returned'

(Credit: Yik Yeung-man—Bloomberg via Getty Images)

What a difference a year makes. 

In early 2024, China was struggling through a sluggish post-pandemic recovery, thanks to weak consumption, ongoing worries about property, and a continued hangover from a regulatory crackdown on China’s tech sector.