The Chinese stock market has rallied sharply this year, becoming a top performer among global markets after finishing 2018 near the bottom. Is there still opportunity left? We have a positive view on China's stock market, but see rising risks and reason for greater selectivity.
Chart of the week
Price-to-earnings ratios of China A-shares and EM equities, 2010-2019
Past performance is not a reliable indicator of current or future results. It is not possible to invest directly in an index.
Sources: BlackRock Investment Institute, with data from Thomson Reuters, February 2019. Notes: The lines show