FOR CHINESE shares to outperform American ones is uncommon sufficient. However this 12 months the MSCI China index has overwhelmed its American equal by a formidable 20 proportion factors, on the again of pleasure about cutting-edge tech companies similar to DeepSeek and Manus AI. American shares, in the meantime, have been weighed down by worries a couple of bellicose Trump administration and the hazard of a slowing economic system.