Investors pulling out of Chinese stocks at faster pace

Concern growing over country's weakening economic outlook

20230816 China Stock Exchange

A total of around $3.7 billion was pulled out of Chinese equities in the first 14 days of August. © (EPA/Jiji)

FUMITO AKIYAMA, NQN staff writer

SINGAPORE -- Investors are withdrawing funds from Chinese stocks due to growing concern about the prospects for the world's second-largest economy. If risk aversion spreads among global investors in the wake of a market downturn in China, it could lead to a softening of equity markets around the world.

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