Global X China Industrials ETF (CHII)
CHII Price and Sentiment
CHII Latest news
Chinese government has generally had some idea of how much risk Evergrande and other highly leveraged real estate companies pose since last year. Equity holders will most likely be wiped out, with holders of bond and wealth management products taking significant haircuts.
The impact of the policy remedy to China's property market excesses is spreading across global markets. But they would bounce hard on any evidence of a mitigation plan from Beijing.
Shares in China continue to post sharp year-to-date losses vs. an otherwise upside bias for global stocks, based on a set of exchange-traded funds tracking the world's major equity regions through yesterday's close (Aug. 25). Some investors see opportunity in beaten-down shares, but there's still a wide-ranging debate as the market prices in higher uncertainty driven by the vagaries of Beijing's evolving policy agenda.
In the second quarter of 2021, China's economy grew at a pace of 7.9% year on year. Chinese sector dispersion in Q2 was 29.55%, versus 13.53% in the US.
Both manufacturing and non-manufacturing PMIs show a strong recovery of the Chinese economy. The main challenges remain the technology war with the US and its allies and a fragile export recovery due to Covid-19 in the Western world.
Supply chains were disrupted long before the pandemic by U.S.-China trade tensions.
Continuing the improving trend of Q3, manufacturing activity kept on maintaining the winning momentum globally in Q4.
The beginning of the third quarter is showing an improving trend in manufacturing activity globally.
Money manager Glovista Investments, which runs a variety of emerging markets and global investment strategies, said Tuesday it's rolling out a China sector rotation model based on 11 sector exchange traded funds issued by Global X.
News updates have come a mile a minute this week on the China-US trade front, and we end the week with more tariffs and a topsy-turvy market.