China’s about to overtake the US as the world’s best performing tech industry
China’s tech sector is close to surpassing the US to become the world’s best-performing technology industry in 2020. Indeed, China’s tech sector is catching up. Until now, the US comfortably led the world in recovering from (and thriving in) the coronavirus pandemic. US tech, represented by QQQ on the chart above (more on that later), was up 14% for the year as of Monday’s market close. China’s equivalent fund, CQQQ, had returned 13% in 2020 — just one percent difference. As for the rest of the world: Europe’s tech sector has faired relatively well, up 5%. Tech companies hailing from emerging…
This story continues at The Next Web
