Foreign investors are pulling out quickly: China's economy is looking bleak/A major purge is coming




#Chinainsights#20congresss
The reshuffle of the Chinese leadership has spooked foreign investors. The next day, on Oct. 24th, Chinese stocks suffered their worst day in Hong Kong since the global financial crisis in 2008, as foreign investors rushed to sell Chinese stocks. Nearly all the stocks in the Hang Sheng index were lower, with Chinese internet and technology stocks being hit particularly hard.
Analysts generally expect China’s economy to slow in Xi’s third term, not primarily because of the labor force demographics, productivity, real estate, etc. that drive growth, but because of the CCP’s regressive economic policies.

Have questions? Do you have something to share with us about China? We want to hear from you!
Email: Cinsights.subscription@gmail.com
Facebook www.facebook.com/EyesOnChina.

Your support allows us to produce more high-quality videos.
Consider donating at

Copyright @ China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.

Original Source Link