Is 2023 the year to add China to your core allocation?

China's financial markets experienced high volatility recently due to a regulatory crackdown, geopolitical tensions, and an economic slowdown triggered by a draconian zero-Covid policy. But 2023 – the Year of the Water Rabbit, a symbol of peace, a return to normal, and more – could open up a new chapter for Chinese equities and usher in plenty of opportunities, particularly in consumer-oriented sectors.