China's Economic Resilience: On Course To Achieve 5% Growth, Says Premier Li Qiang
Portfolio Pulse from Michael Cohen
Chinese Premier Li Qiang announced that China is on track to achieve its annual growth target of around 5%, despite some economic data missing analysts' expectations. Investors interested in China's economic performance might consider ETFs like the iShares China Large-Cap ETF (NYSE:FXI) or the SPDR S&P China ETF (NYSE:GXC).
June 27, 2023 | 11:57 am
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POSITIVE IMPACT
China's Premier Li Qiang announced the country is on track to achieve 5% annual growth, which may positively impact the iShares China Large-Cap ETF (NYSE:FXI).
China's economic growth is a key factor in the performance of the iShares China Large-Cap ETF (FXI). As Premier Li Qiang announced that the country is on track to achieve its annual growth target, this news may positively impact the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
China's Premier Li Qiang announced the country is on track to achieve 5% annual growth, which may positively impact the SPDR S&P China ETF (NYSE:GXC).
China's economic growth is a key factor in the performance of the SPDR S&P China ETF (GXC). As Premier Li Qiang announced that the country is on track to achieve its annual growth target, this news may positively impact the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80