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Your point was stupid. Most of the wealth in the country is in investments that can and do have a way of vanishing.
I could buy $1 million in gold today and my wealth derived from that gold would be $1 million. If the price of gold drops by 20% then I lose $200,000 of wealth without losing the underlying commodity.
The losses in the Chinese stock market came from a loss in the valuation of the underlying resources.
Your view on unrealized capital/asset appreciation (paper wealth) doesn't reflect that you purchased the gold from someone, who in turn purchased it from someone.
If the originator purchased it for 800,000, sold it to you for 1,000,000, and you sell it again for 800,000 .........
no net wealth is lost. your individual net paper wealth might decline, yes.
saying that this 2.5T is "lost" is a gross oversimplification of the real net wealth changes/transfers that occurred during the ramp up and the current decline of their market bubble.
In a way, you've unconsciously admitted that market-cap is a useless #.
I'm surprised you would.