This is CBS I in the World. I'm John Baster.

F.T headline, London Reporting, within these last days. Over 75% of foreign money invested into Chinese stocks in 2023 has left subhead.

Traders wait for signs of strong economic rebound before buying back in.

My colleague and friend, Gordon Chang, at Gordon G. Chang, is here.

And Gordon, I need an interpretation. This sounds like panic. The old Wall Street adage is,

when everybody tries to get out one door, things plunge. Is that what's happening in China plunging? They are plunging

John. This really is a result of great disappointment in the Chinese economy because everyone thought that after the end of COVID that

China would have a sharp rebound up. There was in the first three or four months a sort of

slight upward bounce but not very much and what

we have seen recently are really disturbing signs so money is left and a lot

of money is left a lot of money is left. A lot of money. We welcome our colleague Charles

Ortell of On the Money with Charles Ortell podcast to comment on this and one

other headline that's a puzzle because it sounds like panic.

Charles, it's a very good day to you.

South China Morning Post in these last days.

Chinese stocks have been a US 955 billion blunder in 2023 for market forecasters. Bears still have reasons to

predict more pain. This is a long way of saying get out now.

Is that it, Charles?

Good evening to you.

Good evening to you.

I think Gordon has for years been saying get out and I believe we covered this months ago.

Chinese stocks, the financial results that are portrayed in most of the reports

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