The Telegraph thinks China has become uninvestable (full article maybe behind a paywall):
China has become uninvestable, but you can still profit from Asian stocks
Shelter your savings as Communist Party meddles with once-lucrative shares
With 1.4 billion people and an economy five times the size of Britain’s, China’s influence is visible in every part of our lives, from viral social media app TikTok to where our clothes and phones are made.
It is also increasingly influential in our pensions and investment accounts. Britain’s largest investment trust, Scottish Mortgage, has 17pc invested in China, a typical “all world” global stocks tracker has 4pc and some developing world funds have as much as 40pc.
That has proved a drag on returns this year, with a basket of China’s largest companies falling 26pc from its February peak. Shares in the country’s top tech stocks, Alibaba and Tencent, which are widely held by global and emerging market fund managers, have fallen around 40pc.
https://www.telegraph.co.uk/investing/s ... an-stocks/I sold PHI and reduced my holding of JAGI some weeks ago, though have been pondering PAC (Pacific Assets) as a possible replacement for PHI. PAC has a higher exposure to India and only about 10% exp to China. I noted that Mid Wynd (MWY) (global growth trust) sold out of China early this year and has dome well since. SMT holds c 18% China.
For ETF holders, the article suggested aiming at developed world ETF's, (such as VEVE) as opposed to All World, as EM's hold a large slice of China.