
December 12, 2019—Chinese equities have been holding up reasonably well, despite the U.S. threat of expanded tariffs and technology sanctions, and the risk of blow-back from the Hong Kong situation. From its recent trough on August 5 to its subsequent grind upward through December 12, the MSCI China Index has gained 12.3%.
As we approach the end of 2019, it is worth “taking stock” of China, pun intended.