China's Bear Market: Too Broken To Buy, Too Oversold To Short?

China in meltdown

CSI 300 has entered bear market territory, down 20% from its June peak after 10 consecutive weeks of declines. The sell-off has accelerated since the late-August death cross, driven by the global AI unwind, fading stimulus hopes and deteriorating domestic fundamentals. Even better-than-expected Q3 GDP failed to lift sentiment, while rising oil prices add another headwind. The 4,000 level is next to watch, but there is little urgency to buy China.