The Shanghai Composite was a huge laggard for most of the year, and compared to many global markets, its annual gain of just over 3% was fairly meh.
But the real story is the market’s huge surge in December as the data turned.
The market went out in style with a 1.6% gain following a strong HSBC Manufacturing PMI report.
Here’s the year in a chart. You can see how things got supercharged in the month of December.