Slowing GDP growth, a zero COVID policy, regulatory crackdowns and delisting risks—there have been no shortage of worries for investors in China stocks and exchange-traded funds. Over the past year, the KraneShares CSI China Internet ETF (KWEB) has dropped nearly 40%, reflecting those concerns. But China is still the world’s second largest economy, and even though its growth is decelerating, it’s still expanding at a faster pace than that of the U.S. The International Monetary Fund predicts China’s economy will grow by 3.3% in 2022, more than the projected 2.3% for the U.S. While China’s GDP may end up growing...