'Yellen Appeals To China To Revive Talks And Not Let Technology Tensions Disrupt Ties' - AP
Portfolio Pulse from Happy Mohamed
US Treasury Secretary Janet Yellen has urged China's Premier Li Qiang to not let tensions over technology disrupt economic cooperation. Yellen defended US curbs on Chinese access to advanced processor chips and other technology, citing national security concerns. She also criticized China's treatment of US companies and its use of non-market tools like subsidies for state-owned enterprises. The Chinese finance ministry called Yellen's visit a 'concrete measure' toward improving relations but urged the US to take the first step. The US curbs on Chinese tech access could impact China's development in telecoms and AI.
July 07, 2023 | 3:15 pm
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NEGATIVE IMPACT
The ongoing US-China tech tensions and US curbs on Chinese tech access could impact China's development in telecoms and AI, potentially affecting the performance of the iShares China Large-Cap ETF (FXI).
The ongoing US-China tech tensions and US curbs on Chinese tech access could impact China's development in telecoms and AI. This could potentially affect the performance of the iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities that trade on the Hong Kong Stock Exchange.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ongoing US-China tech tensions could potentially impact the global economy and thus the performance of the SPDR S&P 500 ETF (SPY).
The ongoing US-China tech tensions could potentially impact the global economy. This could potentially affect the performance of the SPDR S&P 500 ETF (SPY), which tracks the investment results of an index composed of large-capitalization US equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70