In a May 9, 2023, Barchart article, I wrote, “While Chinese stocks offer value on paper, and the Chinese economy could be eclipsing the U.S. over the coming years, the geopolitical tensions between Washington and Beijing remain a clear and present danger that could lead to trade barriers and even delistings of many of China’s leading companies trading on the U.S. and other foreign exchanges.”
The iShares China Large-Cap ETF (FXI) was trading at $28.34 per share on May 9. On July 18, the ETF was slightly lower and continued to underperform the leading U.S. equity indices, as what was cheap in early May became even less expensive in mid-July.
