China’s economic slowdown is beginning to show clear consequences in the stock market. As GDP growth expectations fall toward roughly 4.5–5%, investors are becoming increasingly cautious about Chinese technology companies. Weak consumer spending, property market stress, and geopolitical tensions are putting pressure on some of the country’s biggest internet platforms. Several well-known Chinese tech stocks have already lost double-digit percentages this year as sentiment deteriorates.

Just a few years ago, the Chinese economy was considered one of the main engines of global growth. However, in recent quarters it has become increasingly apparent that the world's second largest economy is facing a number of structural problems that are beginning to have a significant impact not only on the domestic economy but also on global financial markets.

One of the most visible signs of change is the gradual downgrading of the economic growth outlook. The Chinese government has revised GDP growth…