China's BIG stocks stumble

What's behind the sharp fall in China equities and big capital outflows during March?

• China's CSI 300 stock index fell sharply during the first two weeks of March, though there has been a substantial rebound in the last week;

• China's ongoing COVID outbreak does not appear to be a driver of the sell-off, though (geopolitical) risk might be;

• Official reassurance following the sell-off appear to be behind the rebound.

What explains the sharp f…