In comparison to many of the world's major economies, China's has been enjoying rapid recovery rates, largely to due to a quick lifting of coronavirus lockdown measures. However, the country's stock market rally has since been impeded by tensions with western governments, including the US, and new rounds of sanctions.
Well he only lost money if he sold his stocks same as bitcoin people only make money if they find a bigger sucker and sell. But it would be a quick way to go.