Long-term foreign capital exiting China due to economic concerns

Long-term foreign capital is exiting China, with 22 major funds managing $4.3 trillion showing no positive outlook for China's economy. China recorded its first-ever quarterly deficit in foreign direct investment, with outflows exceeding $100 billion in the first three quarters of 2023. China's regulatory crackdowns and cross-border investment curbs are affecting new equity listings and mergers. Despite some recent upgrades of China's growth forecasts, manufacturing activity shrank in November.