‘For our country’: China’s patriots are buying the dip

News Snapshot:

Cao Mingjie had never traded stocks before Donald Trump’s “Liberation Day.” The home designer from China’s southern Guangdong province changed his mind after April 2, when the U.S. president announced “reciprocal tariffs,” intensifying a trade war with his country. Keen to show solidarity with Beijing, Cao decided he would invest 2,000 yuan ($274) in the local stock market every month. “The goal isn’t to make money. It’s about contributing to my country,” said Cao. He said he opened trading accounts after the higher tariffs hit Chinese stocks. In this trade war, “every individual should stand by the country until the...