Wall Street is falling back in love with China smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
Investors in October pulled $8.8 billion from Chinese stocks and bonds, continuing an exodus that began after the U.S. and Europe imposed sanctions on Russia for its invasion of Ukraine. At the same time, manufacturers trying to bolster vulnerable supply chains are turning to Vietnam or India instead of China.
The future of Sri Lanka and Pakistan, and that of other frontier countries on the edge of debt default, is dependent on support from multilateral development banks and other international financial institutions