Foreign investors are dumping Chinese stocks at a record level as fear of economic turmoil persists

• Foreign investors dumped Chinese stocks at a record pace as fear of economic turmoil persists.
• Net sales on Chinese equity markets in August totaled $12.4 billion, according to the Financial Times.
• That comes as Beijing's efforts to tackle the economic slowdown have so far disappointed investors.

Foreign investors dumped Chinese stocks at a record pace in August as the economy continued to sputter while turmoil in the property sector deepened.

Net sales by offshore traders on Chinese equity markets totaled $12.4 billion, according to calculations by the Financial Times. That's the biggest monthly retreat on records going back to 2014.