China's Top Envoy Wang Yi Says The U.S. And China Need To Take Practical Actions To Bring Ties Back Onto Right Track
Portfolio Pulse from Happy Mohamed
China's top envoy, Wang Yi, has stated that the U.S. and China need to take practical actions to bring their ties back onto the right track, according to Reuters citing Xinhua.
July 13, 2023 | 4:08 pm
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POSITIVE IMPACT
The call for improved U.S.-China relations could impact the iShares China Large-Cap ETF (FXI), which tracks large Chinese companies.
Improved U.S.-China relations could lead to a more favorable business environment for large Chinese companies, potentially boosting the performance of the FXI ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The call for improved U.S.-China relations could impact the SPDR S&P 500 ETF (SPY), which tracks the performance of the U.S. stock market.
Improved U.S.-China relations could lead to a more favorable business environment for U.S. companies, potentially boosting the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70