Foreign investors aren't the only ones bailing on China

One of the top priorities of China's policymakers has been to stabilize the country's equity and property markets. China's stock market has trailed the S&P 500 index substantially since 2017, and the gap has increased in the past few years as the property bubble burst. China had the worst return among markets in the MSCI World index last year, and the loss in value of both mainland and Hong Kong-listed stocks from the peak in 2021 now exceeds $6 trillion according to Fortune. In response, China's government has adopted a series of measures to bolster the markets and stem foreign…