Why foreign investors are feeling jittery about China
Geopolitics are only their latest concern
STATE MEDIA have not tried to hide the fact that billions of dollars in global investors’ funds have drained away from China in recent weeks. They have attributed the outflows—$11.5bn since the start of March—to volatility in global markets, a hawkish Federal Reserve and the impact of Russia’s invasion of Ukraine on global supply chains. One government publication downplayed the seriousness of the situation and speculated that foreign money will soon come pouring back in.
This article appeared in the Finance & economics section of the print edition under the headline “Departing thoughts”
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