China Plans New Spending Drive, Other Stimulus To Revive Flagging Economy; Officials Consider Issuing $140B Of Special Bonds To Help Indebted Local Governments, Boost Infrastructure; Other Possible Steps Include Looser Restrictions On Second Home Sales
Portfolio Pulse from Benzinga Newsdesk
China plans to implement new spending and stimulus measures, including issuing $140B of special bonds, to revive its flagging economy. Other possible steps include loosening restrictions on second home sales.
June 15, 2023 | 2:58 pm
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POSITIVE IMPACT
China's stimulus measures, including $140B special bonds, may positively impact the iShares China Large-Cap ETF (FXI) in the short term.
China's planned stimulus measures, such as issuing $140B of special bonds and loosening restrictions on second home sales, are aimed at reviving its economy. This may lead to increased investment in Chinese companies, which could positively impact the iShares China Large-Cap ETF (FXI) in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80