China's Xi Said Will Strive To Achieve The Annual Development Goals
Portfolio Pulse from Charles Gross
Chinese President Xi Jinping has stated that China will strive to achieve its annual development goals, according to Reuters. This could potentially impact the iShares China Large-Cap ETF (FXI).

July 24, 2023 | 9:44 am
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President Xi's commitment to achieving China's annual development goals could potentially impact the iShares China Large-Cap ETF (FXI).
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. Therefore, any significant news about China's economic development could potentially impact the performance of this ETF. In this case, President Xi's commitment to achieving the annual development goals could be seen as a positive signal for the Chinese economy, which could potentially lead to a positive impact on the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75