中国股市是全球的一个显著例外 如果中国正在赢得未来，为什么其投资者如此悲观？
China’s stock markets are the great global exception If the country is winning the future, why are its investors so glum?
照片：盖蒂图片社 据北京领先的人工智能公司Moonshot AI称，“真正重要的东西超出了人类视力的触及范围。” 这就是其中文名翻译为“月球暗面”的一个原因。（另一个原因可能是创始人喜爱平克·弗洛伊德乐队。） 来自2026年10月31日版 从目录中发现更多本版故事 探索本版 重用此内容 克里斯蒂娜·拉加德在危险时刻离任 她的继任者将面临令人羡慕不来的欧洲央行行长职位 5分钟阅读 全球石油市场永无止境的荒谬性 尽管海湾国家出口增加，布伦特原油仍接近伊朗战争高点 从美中竞争中大赚特赚的国家 关键矿产利润可能改变少数幸运儿的命运 印度最大私营银行新掌门面临的任务 忽略人工智能，要求加薪 在人工智能泡沫破裂时，保险会赔付吗？
Photograph: Getty Images CCORDING TO Moonshot AI a leading artificial-intelligence firm based in Beijing“What truly matters lies beyond the reach of human sight.”That is one reason why its Chinese name translates as “Dark Side of the Moon”. (Another may be the founder’s love of Pink Floyd.) From the October 31st 2026 edition Discover stories from this section and more in the list of contents Explore the edition Reuse this content Christine Lagarde departs at a moment of peril Her successor as ECB chief will have an unenviable job 5 min read The never-ending absurdity of global oil markets Despite stronger Gulf exports, Brent is near its Iran-war peak The countries making a fortune from the US-China rivalry Critical-mineral profits could transform a lucky few The task facing the new head of India’s biggest private bank Ignore AI and ask for that pay rise In an AI blow-up, would insurance pay out?