China ETFs have surged on the back of a blitz of stimulus measures by the country’s government to revive the world’s second-largest economy.

China issued a broad stimulus package of monetary measures to boost a sluggish economy weighed down by a housing market slump and weak consumer sentiment.

And prominent Wall Street figures, including billionaire investor David Tepper and Goldman Sachs' Scott Rubner, are all in. Tepper, who founded Appaloosa Management in