FOR CHINESE shares to outperform American ones is uncommon sufficient. However this yr the MSCI China index has overwhelmed its American equal by a formidable 20 share factors, on the again of pleasure about cutting-edge tech corporations reminiscent of DeepSeek and Manus AI. American shares, in the meantime, have been weighed down by worries a few bellicose Trump administration and the hazard of a slowing financial system.