China stocks have wiped out all of their gains since reopening from pandemic lockdowns

• Chinese stocks have wiped out all of their gains since the nation reopened its economy.
• The CSI 300 Index slumped on Friday, briefly slipping below its October 2022 low.
• Investors are fretting over the slew of economic headwinds Beijing currently faces.

Chinese stocks just wiped out all of their gains since Beijing ended its zero-COVID policy, a sign that investors are still fretting over the ongoing property crisis and other headwinds facing the economy.

The CSI 300 Index slumped 0.7% on Friday to end the day at 3,510, representing 16% decline since the index peaked in late January.