Tech stocks did well. So did luxury-goods companies, and even some of the emerging markets. But China was a graveyard for investors over the last year. A mere $6bn of Chinese stocks were bought by foreigners in 2023, compared with more than $50bn in 2021. It is even more unpopular than London’s FTSE 100. No one wants anything to do with the Shanghai, Shenzhen or Hong Kong markets. The CSI
