Worries of a China bubble and government efforts to curb bank lending are sending investors for the exits. Bloomberg reports that:
Investors pulled $348 million from China equity funds last week, the biggest outflow in 18 weeks, on concern China’s moves to cool its economy will slow growth, according to EPFR Global.
This is the first indicator the “hot money” is leaving the country.
Investors pulled $348 million from China equity funds last week, the biggest outflow in 18 weeks, on concern China’s moves to cool its economy will slow growth, according to EPFR Global.
This is the first indicator the “hot money” is leaving the country.
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