Analysis: A spate of bad news about China's economy and regional instability hasn't stopped Chinese shares from soaring in the first two months of 2019
Chinese stocks have just clocked their best first two months of the year since the global financial crisis, and outpaced the rest of the world, in spite of a cloud of bad news about the country’s economy and the region’s political stability.
One popular explanation is that investors were bidding up prices ahead of MSCI’s announcement last Thursday that it will expand the amount of domestic A-shares it includes in its popular China benchmark. The explanation isn’t unreasonable. Goldman Sachs expects global investors who use...
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