Foreign investors are “ditching China on an unprecedented scale,” because of a mix of local and international factors such as Beijing’s “unwavering” zero-Covid policy which has spurred multiple city lockdowns, the global rise in interest rates, plus business and geopolitical risks, a report on CNN says.
The Chinese economy suffered $17.5 billion in bond and equity outflows in March, it said, citing recent data from the Institute of International Finance on the “accelerating” retreat from Chinese bonds, plus academics who said investors fear China could be hit with sanctions because of its strong ties with Russia amid the war in Ukraine.
Read the full report: CNN.
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