Investors Pull Out Record Funds From China As Economy Falters

FILE - Chinese President Xi Jinping waves at an event to introduce new members of the Politburo Standing Committee at the Great Hall of the People in Beijing on Oct. 23, 2022. The world faces the prospect of more tension with China over trade, security and human rights after Xi Jinping awarded himself a third five-year term on Oct. 23, 2022 as leader of the ruling Communist Party. (AP Photo/Andy Wong, File)
  • International investors have pulled billions out of China as the country’s economy continues to stumble and relations with the U.S. fail to ease, according to The Wall Street Journal.
  • Since August, international investors trading in China’s top exchanges in Shanghai and Shenzhen have pulled out more than $24 billion through a trading link in Hong Kong, according to the WSJ, the largest net outflow of foreign funds since the link was created in 2014.
  • The MSCI China Index, which serves as a tool for investors to gauge expected returns in the country, has fallen 10% this year as China’s economy reports lackluster growth amid a real estate crisis and relations with the U.S. fail to significantly improve.