China's Cabinet Said Will Prioritize Support For Tech Startups; Must Take More Forceful Measures In Response To Changes In Economic Situation
Portfolio Pulse from Charles Gross
China's cabinet announced it will prioritize support for tech startups and implement more forceful measures in response to changes in the economic situation.
June 16, 2023 | 11:12 am
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POSITIVE IMPACT
China's cabinet announcement to support tech startups and take forceful measures in response to economic changes may positively impact the iShares China Large-Cap ETF (FXI).
The announcement by China's cabinet to prioritize support for tech startups and take forceful measures in response to economic changes indicates a positive outlook for the tech sector in China. As FXI is an ETF that tracks the performance of large-cap Chinese stocks, including tech companies, this news may lead to a positive short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80