Just One Lap | 09.07.2026 10:23
China spent 2025 as the trade that finally worked, roaring almost 40% higher after years of disappointment. Then 2026 arrived and handed some of it back, with the market down high single digits so far this year. That round trip is the whole story of investing in China: it moves in violent bursts, in both directions, and the discount is always there to tempt you back. So the question worth asking is not “is China cheap” (it is), but “does a slice of it belong in your portfolio, and if so, how do you buy it?”
