Jim Cramer Wishes China 'Good Luck' After Rate Cut: 'Any Stimulus ... Will Need Help From West'
Portfolio Pulse from Shanthi Rexaline
Jim Cramer, CNBC's Mad Money host, commented on China's economy after the People's Bank of China cut the rate on one-year medium-term lending facility loans by 10 basis points to 2.65%. Cramer suggested that any stimulus plan would need help from the West and that China needs more factories to absorb its young demographic.

June 15, 2023 | 8:58 am
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NEUTRAL IMPACT
Jim Cramer's comments on China's economy and rate cut may impact the iShares MSCI China ETF (MCHI), which rose 0.64% to $47.14.
Jim Cramer's comments on China's economy and rate cut may have a neutral short-term impact on MCHI. While the rate cut could be seen as a positive sign for the Chinese economy, Cramer's suggestion that any stimulus plan would need help from the West and that China needs more factories to absorb its young demographic could create uncertainty for investors.
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