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Bet on a rebound in China using these ETFs, Citigroup says

Source: cnbc.com cnbc.com
News Snapshot:

China may finally be poised for an economic rebound, and several exchange-traded funds give U.S. investors a way to play it, according to Citigroup. The Chinese economy has had several false starts since the government began easing Covid restrictions, but strategist Scott Chronert said in a note to clients Monday that Citi sees the world's second-largest economy nearing a turning point. "Citi economists believe the cyclical bottom for China has almost been confirmed with [the consumer price index] turning positive, [the producer price index] deflation narrowing, export growth bottoming, and credit data improving. Macro pressure should be easing for now,"…

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