China GDP Year To Date (YoY) (Q2) 5.5% Vs. 4.5% Prior
Portfolio Pulse from Benzinga Newsdesk
China's GDP for the second quarter of the year has grown by 5.5%, surpassing the previous quarter's growth of 4.5%.
July 17, 2023 | 4:24 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be positively impacted by the higher than expected GDP growth in China.
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. As such, stronger than expected economic growth in China, as indicated by the higher GDP growth rate, could lead to improved performance of these equities and thus a potential increase in the value of FXI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80