Will the current reopening of Chinese economy end India's outperformance?

A decisive transition may help pull consumer and business sentiment away from near-record lows, shake the property market out of its slumber and accelerate auto sales

Compared with a year-and-a-half ago, when its economy had just begun to reopen after a devastating surge of the delta variant, India’s stock market is unchanged in dollar terms. And yet, its weight in the MSCI Emerging Markets Index has zoomed past Taiwan and South Korea to second place, with almost the entire gain coming at the expense of the gauge’s biggest constituent: China.
 

The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If