Foreign Cash Flees China

“Overseas money is starting to pull out of Chinese markets after the risk of investing in autocratic countries was starkly highlighted by sharp drops in Russia’s currency and securities prices following its invasion of Ukraine,” Nikkei Asia reports.

“Market data shows foreign investors sold a net 38.4 billion yuan ($6.04 billion) of Chinese stocks and bonds in the January-March period, one of the highest such quarterly figures on record.”