Chinese stocks set for record third year of losses as post-Covid recovery sputters, foreign funds flee

China’s stocks are heading for an unprecedented third straight year of losses, as the world’s second-largest market reels from a slew of setbacks ranging from flopped reopening trade to faltering growth and unprecedented foreign outflows.

The CSI 300 Index has dropped 14 per cent this year through December 21, adding to a 22 per cent plunge in 2022 and a 5.2 per cent decline in 2021. The losing streak would be the longest on record for the gauge that tracks the biggest stocks on the Shanghai and Shenzhen exchanges.