Posted 11/22/2023, 12:20:00 AM
Foreign Investment Exodus: Over $25 Billion Pulled from Chinese Stocks This Year as Investor Confidence Plummets
- Foreign investors have withdrawn over $25 billion from Chinese stocks so far this year, equal to 77% of previous investments
- Capital flight has been rapid, with foreign net inflows falling 77% since early August
- Investor confidence declining despite Beijing's efforts to shore up economy
- Global investors more optimistic on other Asian markets like India and South Korea
- Foreign direct investment in China turned negative for the first time in 25 years