Pedestrians walk past a China Merchants Bank branch in Guangzhou, Guangdong Province, China. (Photo: Bloomberg)
HONG KONG – Global investors have been shedding China’s blue-chip stocks in what’s been a record-selling streak, showing even the nation’s industry leaders are falling out of favor as a rout deepens.
Foreign investors sold 6.2 billion yuan (US$851 million) of Kweichow Moutai Co during Aug 7-18, making China’s largest liquor maker the most heavily…
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