Bears Withdraw From China Large-Cap ETF Amid Credit Spurt: Chart

U.S. short sellers are fleeing fast from China’s biggest stocks as a surge in new credit stokes growth in the world’s second-largest economy. Bearish bets on the iShares China Large-Cap ETF dropped to 3.2 percent of shares outstanding last week, data compiled by Markit Ltd. and Bloomberg show. Separate reports showed that second-quarter gross domestic product increased more than forecast, while lending in June exceeded all forecasts in a Bloomberg survey.

— With assistance by Sunny Oh

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