Crisis is again creating massive opportunities. This time, in China.

While it’ll take some time for the country to fully recover, it’s gradually making its way there.

In fact, the National Bureau of Statistics just reported that for January and February combined, Chinese industrial production jumped by 2.4%, accelerating from December’s 1.3% growth. Retail sales increased 3.5%. “The economic data released today confirmed the recovery in China was well on track,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, as quoted by CNN.

There are even signs of recovery emerging in China’s luxury and consumer discretionary goods sectors, too. China’s luxury market fell 10% in 2022, declining for the first time in five years, according to Bain & Company, as noted by CNBC. However, the firm expects “growth will resume in 2023 after China recovers from the most-recent Covid-19 impacts.”

While investors can always buy a basket of Chinese related stocks, ETFs are just as good.

China X MSCI China Energy ETF (CHIE)

Since the year began, the China X MSCI China Energy ETF (CHIE) has run from about $14.50 to $15.93 so far. Granted, that’s nothing to write home about just yet. But give it time. With a gradual recovery underway in China, the CHIE ETF could see higher highs. With an expense ratio of 0.66%, the ETF is a targeted play on the energy sector in China. Some of its top holdings include PetroChina, Sinopec, China Oilfield, China Coal Energy, and China Shenhua Energy.

Global X MSCI China Consumer Staples ETF (CHIS)

Trading sideways around $22.35, the CHIS ETF could rally higher, as China recovers, too. With an expense ratio of 0.65%, this ETF invests in mid- and large-cap segments on the MSCI China Index, which are classified in the Consumer Staples Sector. Some of its top holdings include China Resources, China Mengniu Dairy, Tingyi, Want Want China, and Hengan International.

Global X MSCI China Consumer Discretionary ETF (CHIQ)

The Global X MSCI China Consumer Discretionary ETF (CHIQ) is another one that could see higher highs on a continued Chinese recovery. With an expense ratio of 0.65%, the CHQ ETF invests in mid- to large-cap consumer discretionary stocks, including Alibaba, JD.com, PDD Holdings, Yum China Holdings, BYD Co., Trip.com, and Li Auto.