China Industrial Production (YoY) June 4.4% Vs. 2.7% Est.; 3.5% Prior; China Industrial Production Year to Date (YoY) June 3.8% Vs. 3.6% Prior
Portfolio Pulse from Benzinga Newsdesk
China's year-on-year industrial production for June increased by 4.4%, surpassing the estimated 2.7% and the previous 3.5%. The year-to-date industrial production also rose to 3.8% from the previous 3.6%.
July 17, 2023 | 4:29 am
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POSITIVE IMPACT
The increase in China's industrial production could potentially boost the performance of the iShares China Large-Cap ETF (FXI), which tracks the Chinese market.
The iShares China Large-Cap ETF (FXI) tracks the Chinese market, and an increase in industrial production indicates a strengthening economy. This could potentially lead to an increase in the value of the ETF in the short term.
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