Many economists believe that the days of low-cost goods coming out of China are coming to a close as China passes on the rising cost of material and energy.
China’s ETFs were down slightly in trading today.
- iShares FTSE/Xinhua China 25 Index (FXI), down 10.9% year-to-date
- SPDR S&P China (GXC), down 12.6% year-to-date
For full disclosure, some of Tom Lydon’s clients own shares of FXI.
