China's Politburo Plans To Speed Up The Issuance And Usage Of Local Government Special Bonds And Increase The Number Of International Flights
Portfolio Pulse from Charles Gross
China's Politburo plans to accelerate the issuance and usage of local government special bonds and increase the number of international flights, according to Reuters.

July 24, 2023 | 9:26 am
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POSITIVE 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.
The acceleration of bond issuance could stimulate the Chinese economy, potentially benefiting the large-cap companies that FXI tracks. Additionally, an increase in international flights could signal a recovery in the travel and tourism sector, which could also positively impact these companies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80