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Markets

Mutual funds in China surge to $3.75tn amid Evergrande crisis

Retail investors seek stability over volatile real estate and wealth products

A billboard in a subway station in Shanghai advertises the strong performance of mutual funds.
KENSHO MOTOWAKI and NORIYUKI DOI, Nikkei staff writers | China

TOKYO/SHANGHAI -- While the China Evergrande Group debt crisis has roiled Chinese financial markets, China's version of Twitter has become alive with posts talking up mutual funds.

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