Earlier in Beijing, U.S. Treasury Secretary Yellen Meeting With Chinese Premier Li, Said U.S. Seeks Healthy Competition, Not Winner-Take-All Approach; Said U.S., China Should Not Allow Disagreements To Lead To Misunderstandings That Worsen Bilateral Ties
Portfolio Pulse from Charles Gross
U.S. Treasury Secretary Yellen met with Chinese Premier Li in Beijing, emphasizing that the U.S. seeks healthy competition, not a winner-take-all approach. Yellen also stated that the U.S. and China should not allow disagreements to lead to misunderstandings that worsen bilateral ties.
July 07, 2023 | 9:11 am
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NEUTRAL IMPACT
The meeting between U.S. Treasury Secretary Yellen and Chinese Premier Li could impact the iShares China Large-Cap ETF (FXI), as it reflects the overall health of the Chinese market.
The meeting between U.S. and Chinese officials could have implications for the Chinese market, which is reflected in the FXI ETF. However, the exact impact will depend on the outcomes of the discussions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The meeting between U.S. Treasury Secretary Yellen and Chinese Premier Li could impact the SPDR S&P 500 ETF (SPY), as it reflects the overall health of the U.S. market.
The meeting between U.S. and Chinese officials could have implications for the U.S. market, which is reflected in the SPY ETF. However, the exact impact will depend on the outcomes of the discussions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70