Chinese Market opinions please

I’ve been looking more into Chinese tech lately (AI, semis, robotics, EVs, etc) and honestly I can’t decide if the market is massively undervaluing it or if the risks are just too big. On one side, a lot of these companies look incredibly cheap compared to US tech. On the other, there’s always the concerns around regulation, geopolitics, Taiwan, transparency, VIE structures, etc. Feels like most investors completely gave up on China after the last few years, but at the same time the country keep