Larry Summers Explains Why US Must Stay Wary Of Economically Weaker China: 'Can Become Irrational And Dangerous'
Portfolio Pulse from Shanthi Rexaline
Former Treasury Secretary Larry Summers has warned that China's economic slowdown could pose a threat to the U.S. He believes that China, facing demographic challenges and stalling export growth, is unlikely to surpass the U.S. economy. The iShares MSCI China ETF (NASDAQ:MCHI) ended Friday’s session down 2.39% at $43.32.
August 21, 2023 | 6:42 am
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The iShares MSCI China ETF (NASDAQ:MCHI) could be negatively impacted by China's economic slowdown, as reflected in its recent 2.39% drop.
The iShares MSCI China ETF (MCHI) tracks the performance of Chinese equities. As such, any negative economic developments in China, such as the current slowdown, could negatively impact the ETF's performance. This is reflected in the recent 2.39% drop in the ETF's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100