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Al Jazeera
Al Jazeera
Business
Liam Gibson

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Foreign investors are pulling out of the Chinese stock market in droves amid concerns over the country's ongoing COVID lockdowns and crackdowns on private industry [File: Carlos Barria/Reuters]

Taipei, Taiwan – For months, Singaporean investor Anndy Lian has been selling off Chinese stocks to reduce his portfolio’s exposure to the world’s second-largest economy.

Once a regular investor in Chinese tech companies, Lian now views  China as an increasingly risky bet as the country’s autocratic turn under Xi Jinping and ongoing “zero COVID” lockdowns cast a cloud over the economy.

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