Investors give up their futile wait for China to repair its economy

Any hopes that 2024 will be different were nipped early by hints from authorities that they will overlook short-term hiccups as they pursue healthier, long-term growth. — Reuters

FROM hope to hesitancy and now total capitulation, global investors in China are heading for the exits in the world’s second-biggest economy and sending its stock market crashing.

Stock markets in Hong Kong and Shanghai tumbled on Monday – the Shanghai index marking its worst day since April 2022 – as investors retreated from what was a “must have” country in global portfolios just a year ago.