Xi Battles Distrust by Global Investors Burned in China Before
- Capital flight intensifies amid concern over Russia ties
- Beijing is seeking to stabilize economy amid Covid outbreaks
Xi Jinping
Photographer: Andrea Verdelli/Getty Images
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President Xi Jinping’s efforts to regain the trust of international investors are falling flat, showing the urgency for the Communist Party to do more to reverse financial outflows.
In the third week of March, redemptions from China equity funds were the highest since early 2021, while outflows from Chinese bond funds exceeded $1 billion for the first time ever, according to data provider EPFR Global. That’s after regulators made promises this month to ensure policies are more transparent and predictable.