China's Crashing Market Threatens Exodus of Foreign Investors
• China's crashing stock market could be the last straw for foreign investors, who may leave permanently according to the Atlantic Council
• The market will likely become more volatile as remaining investors focus on short-term profits over stable growth
• The stock decline has already led to a $7 trillion cumulative hit for Chinese firms since early 2021
• The fallout could drive away foreign investors for good, leaving the market to speculators looking for quick gains
• Even if China's economy recovers by 2024, there are worrying signs about the government's tolerance for normal business activities in financial markets