To The Moon

Foreign direct investment has been net outflow in China as overseas investors withdrew $11.8 billion out of the country between last July and September, after business confidence was shaken by deflation and weak demands as the Chinese economy struggles to regain footing in the aftermath of the zero-Covid policies. Recovery was not helped by subsequent repeated crackdowns on its technology sector and a deepening debt crisis that has plagued the property scene in the country. Fundamental investors were not rewarded for their beliefs of deep valuations of the Chinese stocks, as the cheaps became cheaper. So drastic has been the retreat of foreign investors that the Chinese government has recently been seen contemplating measures to stabilise the market. The market has heaved a sigh of relief