| 1:55:51 PM - Tue, May 3rd 2022 |
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Russia's invasion of Ukraine urges investors to "ditch" China
Consequences of Russia'sSLOTXOWar of Invasion of Ukraine continues to be active Recently, there is information indicating that Foreign investors have left their investment in China at levels never seen before. But the final catalyst was the Russian invasion of Ukraine. Because China is well known as a country close to Russia. which in addition to refusing to sanction Russia also refrained from condemning Russia.
According to the International Financial Institution (IIF), in March this year, $17.5 billion in foreign investment flowed out of China. An unprecedented record by the outflow of both the bond and stock markets while official data from China also shows that In February this year, foreign investors dumped 35 billion yuan (about $5.5 billion) of Chinese government bonds by March. The dumps rose to 52 billion yuan (about $8.1 billion).
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"George Magnus", an expert at the Center for Chinese Studies at the University of Oxford. and former chief economist at UBS. in an interview with CNN that China's display of support for Russia in the invasion of Ukraine It is a catalyst for foreign capital to flow out of China. More from factors of measures to control COVID-19 to the center of China, which already has a strong negative effect on the economy All of these add uncertainty to the future growth rate of the Chinese economy.
Martin Korsempa, a senior academic at the Peterson Institute of International Economics, said China's stance on Russia's side had raised investors' concerns that China could also be a target for sanctions if it helped Russia. In addition, the example of Russia and Ukraine It may encourage China to strengthen its military to pressure or subdue Taiwan. This has increased investors' fears and led to a huge outflow of capital from Taiwan as well.
Corsempa also stated that Geopolitical tensions are not the only reason for capital outflows from China. but also includes measures to control COVID-19 Strict style that scares investors In addition, the US Federal Reserve prepared to raise interest rates quite a lot to curb inflation. This makes Chinese investment less attractive in terms of returns compared to the US. Because as the US accelerates interest rates But China uses a easing policy to support the economy.
"Brock Silver", managing director of Kaiyuan Capital, said that the reason for the huge capital outflow from China. because of uncertainty about China's investment fundamentals Since the Chinese government launched a crackdown on tech companies two years ago, it has continued. This led investors to worry that the government would attack other sectors as well this year.
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