Chinese markets performed poorly in 2021
.
The MSCI China index, which groups together stocks listed in New York, Hong Kong and Shanghai, has fallen by nearly 18% since the start of the year.
The large western places are posting gains of between 20 and 30% and practically all are sailing on historic highs.
See also
China opens a third Stock Exchange in Beijing
Cradle of Covid-19, China was however the first great power to recover from the pandemic.
It was also the only major economy to end 2020 with positive growth.
Last year, the MSCI China had also climbed 27%, beating most of the major world stock markets.
Professionals had high expectations of this distant market this year.
"
Persistent tensions with the United States, the Chinese authorities' regulatory screw-up on technology companies and the difficulties in the real estate market have ruined these hopes,
" explains Marie Thibout, economist and strategist at Mirabaud ...
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