資料來源: J.P. Morgan Asset Management.Chinese market performance is based on the MSCI China price index only and do not include dividends. The periods above were chosen to illustrate particular market moving events in China and the recovery 4, 12, and 26 weeks after market trough. The April 2011 to September 2011 period represents a period in which global fears were heightened due to China’s perceived growth slowdown. Fears culminated in a dramatic market sell-off in August 2011. The May 2015 to February 2016 period represents the currency crisis in China. The January 2018 to October 2018 represents the beginning of the default cycle. The February 2021 to October 2021 period represents the recent regulatory tightening campaign in China. *At the time of publication, October 6, 2021 was the most recent trough date. Guide to China. Data are as of October 31, 2021.