Overseas Investors Sell China Stocks as Economic Woes Worsen

Foreigners Sell China Stocks in 2024 as Economic Woes Worsen Bloomberg News Mon, January 15, 2024 at 9:22 AM GMT+8 · 1 min read (Bloomberg) — 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. Chinese equities saw their worst start to a…