A $188 Billion Exodus Shows China’s Heft Fading in World Markets

Foreign holdings of China 's equities and debt have fallen by about 1.37 trillion yuan ( $188 billion ) from a December-2021 peak.

That’s before onshore shares witnessed a record $12 billion outflow in August alone.

China 's economic slump due to years of Covid restrictions, a property market crisis, and persistent tensions with the West .

The CSI 300 Index, a benchmark of onshore shares, fell 0.7% on Friday as foreigners sold even after data on retail sales and industrial production for August exceeded estimates.

Global funds’ positioning in China has already reached the lowest level since October , when the nation’s reopening from stringent Covid curbs sparked a sharp rebound.