Record Foreign Capital Outflow from China as China’s Tech Stocks Fall Into Bear Market

Investors rest on a chair in front of screens showing stock market movements at a securities company in Beijing on May 14, 2019. Wang Zhao/AFP/Getty Images

China’s stock market indices have been continuously dropping during the past week.

Although the Chinese regime issued licenses to state-run mobile carriers to roll out 5G that same day, telecom stocks dropped by 5.3 percent, the most out of all Chinese sectors on the exchanges.