Foreign investors have been dumping vast amounts of Chinese assets, and putting money there will only get riskier
Mark said that this shift in market sentiment underscores how de-risking is as much about the bottom line as it is about diplomacy.
In addition to China's weak rebound from zero-COVID policies, Mark listed long-term structural challenges the economy faces, including a rapidly aging workforce, weak productivity, worsening inequality, and a massive property crisis. Fund managers are worried about Beijing's regulatory crackdown on companies, including Western firms, Mark said.
Meanwhile, the US is applying measures to counter China's ability to develop sensitive technology, and China is limiting its companies from launching offshore IPOs.
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