China’s Economic Warning Bell Rings Again for Foreign Investors: Citibank Is The First To Leave

On February 5, 2023, shortly after the opening of the Chinese stock market, over a thousand stocks hit the daily limit-down in both the Shanghai and Shenzhen exchanges. More than 2,000 company stocks also had the same fate, causing widespread panic among investors.
Subsequently, economic experts have bluntly stated that the “stock market crash” can be seen as yet another sign of China’s rapidly declining economy. Meanwhile, there are indications that American banks have lost confidence in the Chinese market as well.
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