Hi, i know this is a long shot but is anyone here knowledgeable about Chinese equity market?

I'm invested a huge amount is NIO which is currently down like 75%. I believe the company will be profitable but it seems Chinese equity is just beat down over all due to political reasons unrelated to company performance. Should I:

a. average down NIO position?

b. buy Chinese EFT instead to bet on the recovery of Chinese equity market?

c. Stay clear of Chinese stocks.

Either way i'm still mostly invested in VTI. I'm just wondering if i should allocate a small portion towards NIO/chinese equity. like a side bet if you will.

I think the popular sentiment has been staying clear but I would love to hear your reasons. I'm pretty clueless to be honest besides knowing that the US and China tension is pretty strong.

Anyone out there optimistic about recovery? would love to hear your reasons to.