Foreigners Sell China Stocks in 2024 as Economic Woes Worsen
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Overseas investors have resumed selling China onshore equities in the new year as pessimism over the country’s sluggish economic recovery deepens.
Global funds offloaded 7.9 billion yuan ($1.1 billion) of stocks in the first two weeks of 2024, after making large purchases in the final week of last year, according to Bloomberg-compiled data. Sentiment remained downbeat as deflationary pressures persist, while policy support has been underwhelming.