China's SSEC closed up another +2.2% overnight at 2030. The Composite Index has had a better than +15% move in the last week of trading. The chart below shows the impact of breaking out through our "shark line", which rests comfortably underwater now at 1866.
We remain long China via the FXI exchange traded fund. We were the bears for the better part of the last year, so we are well aware of their pitching our stale thesis.