China has been actively promoting an increase in internal Chinese consumption. Der Spiegel reports that the once vilified model of the western world, consumption, is now patriotic.
'Consumption has become an acceptable form of patriotism. International experience, Vice Premier Li says, teaches us that "any major power's development process must be led by domestic demand."'
CHIQ is the global Chinese consumers ETF. It has risen 11.7% since January 2010.
"Global X China Consumer ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive China Consumer Index (the Underlying Index). The Underlying Index is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure performance of the investable universe of companies in the Consumer sector of the Chinese economy, as defined by Structured Solutions AG. Global X Management Company, LLC serves as the investment adviser to the Fund."
We track all Chinese ETFs live here. This is the performance since January 2010.