Investors expect a bumpy ride as China rapidly unwinds pandemic restrictions and refocuses on economic growth
Chinese President Xi Jinping’s speech at China’s 20th Party Congress suggests the country’s economy is moving in a new direction. As for U.S. investors, they’ll likely be taking on more risk investing in China. WSJ’s Dion Rabouin explains. Illustration: Elizabeth Smelov. The MSCI China Index, which tracks Chinese companies listed in the U.S., Hong Kong and the mainland, dropped 24% in the year through Dec. 29, after declining by a similar magnitude in 2021. That caps one of the longest periods of underperformance for stocks from the world’s second-largest economy, which has been weighed down by its
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