China's State Council Has Issued A Notice To Promote High-quality Development Of Private Investment, With Plans To Encourage Private Investment In Transport, Water, Clean Energy, New Infrastructure, And Modern Agriculture
Portfolio Pulse from Charles Gross
China's State Council plans to promote high-quality development of private investment, encouraging private investment in transport, water, clean energy, new infrastructure, and modern agriculture.
July 24, 2023 | 12:28 am
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POSITIVE IMPACT
The news of China's State Council encouraging private investment in various sectors may indirectly impact the iShares China Large-Cap ETF (FXI), which tracks large Chinese companies.
The news is indirectly related to FXI as it tracks large Chinese companies. The encouragement of private investment in various sectors by China's State Council could lead to growth in these sectors, potentially benefiting the large companies tracked by FXI.
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