China's government has been purchasing approximately $2.5 billion per day in equity ETFs since July to support the market following an AI-driven slump. The intervention represents roughly 10 times China's typical daily ETF flow of about $218 million, a scale comparable to the U.S. Treasury buying $100 billion daily in domestic ETFs. The unprecedented state-led buying campaign highlights Beijing's aggressive response to stabilizing equity markets amid sector-specific downturns in artificial intelligence stocks.