China's Politburo Intends To Carry Out A Basket Of Measures To Resolve Local Government Debt Issues, Promote The Sustainable Development Of Platform Companies, And Ensure The Secure Development Of Artificial Intelligence
Portfolio Pulse from Charles Gross
China's Politburo plans to implement a series of measures to address local government debt issues, promote the sustainable development of platform companies, and ensure the secure development of artificial intelligence, according to Reuters.
July 24, 2023 | 9:22 am
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NEUTRAL IMPACT
The news may impact the iShares China Large-Cap ETF (FXI) as it reflects the performance of the largest companies in the Chinese equity market, which could be affected by the Politburo's measures.
The measures announced by China's Politburo could have a significant impact on the performance of the largest companies in the Chinese equity market, which are represented in the FXI ETF. However, the direction of the impact is uncertain as it will depend on the specifics of the measures and how they are implemented.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75