The last great hope for China's faltering post-pandemic rally is fading as the nation's legion of small-time investors turns bearish on equities to double down instead on safer assets amid a stuttering economic recovery
is at 2023 lows, and sovereign bond yields are falling . The easiest trade of the year is fizzling, and the lost momentum is keeping investors' money out.
"I will not put any more money into stocks until all my losses are recovered," he said. Rather, spooked by the spectre of tech layoffs and youth unemployment, he has been putting some half of his monthly income into wealth and deposit products.Interviews with a dozen more small investors showed the sentiment to be reasonably widespread.
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