China's Cabinet Approves Three Nuclear Power Stations Projects; Will Adjust, Improve Property Policies
Portfolio Pulse from Charles Gross
China's cabinet has approved three new nuclear power station projects, according to Reuters citing state media. The government will also adjust and improve property policies. The news may impact the iShares China Large-Cap ETF (FXI).
July 31, 2023 | 11:14 am
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POSITIVE IMPACT
The approval of three new nuclear power stations in China and adjustments to property policies could impact the iShares China Large-Cap ETF (FXI).
The approval of new nuclear power projects indicates a potential boost in China's energy sector, which could positively impact companies within the FXI ETF. Additionally, changes in property policies could affect real estate and related sectors, also influencing the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80