Investors are shifting their focus from Chinese stocks to emerging market bond ETFs as anticipation of Federal Reserve rate cuts grows. The KraneShares CSI China Internet Fund, known by the ticker KWEB, experienced significant outflows, with $238 million withdrawn last week, marking the largest weekly outflow since August 2022. This trend reflects ongoing concerns about China's economic slowdown and a preference for the perceived safety of bonds. Meanwhile, Beijing has urged investors to stop driving up the prices of Chinese government bonds, which has led to a decline in yields on the benchmark 10-year note. Reports from SCMP and FT highlight these developments.