Is China investible?

That fund went short Japan and long China at the same time. Japan rallied and China crashed and it was a double whammy. Probably took this bet at the worst possible time and when long-short trades go wrong they can bankrupt you. Now coming to China people always knew the risks they knew it when Hang Seng was at 30000 in 2021 or rallied 40% early last year. The real question what is an attractive price given the known risks. India is trading at a 160% premium to China (10 vs 26 PE) so wouldn’t be surprised if FIIs feel the price is right to take a dip. Also China just announced a 2 trillion Yuan package to stabilize the stock market