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KESG - Looking Past Gigantic Base Effects To China's (Really) Struggling Economy
KraneShares MSCI China ESG Leaders Index
The Chinese were first to go down because they had been first to shut down, therefore one year further on they'll be the first to skew all their economic results when being compared to it.
What we want to know is how the current data fits with the overall idea of recovery: is it on track, perhaps going better than thought, or falling short.
The secret to China's massive previous growth had always been its supply-side heavy investment (FAI).