Up nearly 25 per cent year-to-date, China’s equity market, as measured by the Shanghai Composite, stands out as the star performer of 2019, far outpacing the S&P 500 and MSCI World Index, which have each gained just 11 per cent this year.
The double-digit gains come after months of lacklustre returns:
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
