Beijing Beckons to Li Ka-shing as International Capital Moving Away From China

Beijing Beckons to Li Ka-shing as International Capital Moving Away From China
China's President Xi Jinping (R) is greeted by Hong Kong tycoon Li Ka-shing (L) before a photo session during Xi's visit in Hong Kong on June 30, 2017. BOBBY YIP/AFP via Getty Images
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Commentary

The family company of Hong Kong’s richest man Li Ka-shing recently sold a large amount of European assets. His investments have always been an economic bellwether. At this time, the confrontation between the United States and China has intensified, Chinese stocks and the Chinese stock market have seen ups and downs, and international capital has begun to move away from China.