Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Why China Tech ETFs Are Diverging From the Yuan
This episode of China Economy with Fexingo examines a striking disconnect in May 2026: China-focused ETFs like FXI, KWEB, and MCHI are all down sharply over the past week, even as the yuan strengthens against the dollar for the first time in months. Lucas and Luna unpack why the currency and equities are moving in opposite directions. They trace the divergence to two competing forces: a stronger yuan driven by capital controls and trade surplus dynamics, versus a sell-off in tech stocks tied to regulatory overhang and shifting global AI sentiment. Specific numbers covered include FXI's…
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