Investor Confidence in China Plummets as Markets Sink $7 Trillion
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Investors have lost confidence in China's markets due to poor government policymaking and economic mismanagement.
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China's stock market has lost $7 trillion in value, a 35% decline, even as other major markets have risen.
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Foreign investors are exiting China and redirecting funds to India and Japan instead.
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Wealthy Chinese investors are also losing faith as property and stock investments sink, hurting consumption and growth.
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President Xi Jinping's iron grip on power and control over the economy is spooking both Chinese and foreign investors.