White House's Sullivan Says Seeing Reduction In Level Of Transparency In Reporting On Chinese Economy In Recent Months
Portfolio Pulse from Benzinga Newsdesk
White House's Sullivan has noted a reduction in the level of transparency in reporting on the Chinese economy in recent months, according to Reuters.
August 22, 2023 | 3:46 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be affected by the reduced transparency in reporting on the Chinese economy.
FXI, which tracks large-cap Chinese stocks, could be negatively impacted by the reduced transparency in reporting on the Chinese economy. This could lead to increased uncertainty and risk for investors, potentially driving down the ETF's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could also be indirectly affected by the reduced transparency in reporting on the Chinese economy.
SPY, which tracks the S&P 500 index, could be indirectly impacted by the reduced transparency in reporting on the Chinese economy. China's economic health can influence global markets, including the US market that SPY represents.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60