The truth is just before few years, we are like China, worst in stock market because of less contribution in world economy with exports and imports. Till date, China penalized with a lot of sanctions from US and EU (a temporary fall). Due to Ukraine war happening for more than 2 years, Russian economy never been collapsed because of Chinese imports.
China...
There is currently a lot of pessimism in the Chinese Market. This ETF offered by Nippon India mirrors the Hang Seng Index which is currently available at a PE of 8.
CMP - 239 , Target - 340, Time 2 years, SL - 220