China's Said Premier Li Said China And U.S. Are Fully Capable Of Developing Together And Joining Hands To Make Greater Contributions To A Better Future For All Mankind; Said China Is Willing To Work With U.S. To Jointly Safeguard International Trade Rules
Portfolio Pulse from Charles Gross
China's Premier Li has stated that China and the U.S. are fully capable of developing together and joining hands to make greater contributions to a better future for all mankind. He also expressed China's willingness to work with the U.S. to jointly safeguard international trade rules.
August 21, 2023 | 11:42 am
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POSITIVE IMPACT
The positive sentiment from China's Premier towards cooperation with the U.S. could boost investor confidence in Chinese assets, potentially benefiting the iShares China Large-Cap ETF (FXI).
The statement from China's Premier indicates a positive outlook on China-U.S. relations, which could lead to increased investor confidence in Chinese assets. As FXI tracks the performance of large-cap Chinese equities, it could benefit from this sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The positive sentiment from China's Premier towards cooperation with the U.S. could also have a positive impact on U.S. assets, potentially benefiting the SPDR S&P 500 ETF (SPY).
The statement from China's Premier indicates a positive outlook on China-U.S. relations, which could lead to increased investor confidence in U.S. assets. As SPY tracks the performance of the S&P 500, it could benefit from this sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70