Chinese Stocks Plunge $1 Trillion in 2023, Sparking Fears of Wider Economic Fallout
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Chinese stocks have lost nearly $1 trillion in value so far in 2023, sparking panic and worries of an economic meltdown.
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Investors are pulling money out of China over fears of crashes and instability in Chinese markets.
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A major downturn in China's economy could trigger a global recession and passive selling worldwide.
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China saw a $11.8 billion deficit in foreign investment in recent months as businesses withdrew funds.
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Experts warn China may not be able to sustain current growth rates given its mounting debt problems.