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The Nasdaq Golden Dragon China Index fell 2.2% in early trading, with popular Chinese concept stocks Bilibili down 4.9%, JD.com and Li Auto down about 3.6%, Baidu, Nio, Fangduoduo, Pinduoduo, Alibaba, YUM China, and ZEEKR down over 2%, and New Oriental and XPeng down over 1%. The Chinese concept ETF YINN fell about 6%