China's Debt Outflow Streak Ends as Loan Issuance Hits Lowest Level Since 2009
Foreign investors poured over $3 billion into Chinese debt in July, marking the first net monthly inflows this year for China. However, the inflows were less than a third of the amount seen in December 2022. In addition, there was a $7.7 billion inflow from non-locals to Chinese stocks, the second-largest monthly inflows in 2023. Overall, emerging markets attracted a total of $32.8 billion in portfolio flows in July, the largest since January, with Asia leading the way in terms of regional inflows.