China Asked U.S. To Reduce Export Controls On Technology, Retract Executive Order On Outbound Investment But U.S. Rejected It
Portfolio Pulse from Happy Mohamed
China has requested the U.S. to reduce export controls on technology and retract an executive order on outbound investment. However, the U.S. has rejected these requests, according to Reuters citing Raimondo.
August 29, 2023 | 12:03 pm
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NEGATIVE IMPACT
The rejection of China's request by the U.S. could potentially impact Chinese companies, which may indirectly affect the performance of the iShares China Large-Cap ETF (FXI).
The U.S.'s refusal to ease export controls on technology and retract an executive order on outbound investment could potentially create a challenging environment for Chinese companies. This could indirectly affect the performance of the iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The ongoing trade tensions between the U.S. and China could potentially impact the broader market, which may affect the performance of the SPDR S&P 500 ETF (SPY).
The ongoing trade tensions between the U.S. and China could potentially create uncertainty in the broader market. This could affect the performance of the SPDR S&P 500 ETF (SPY), which tracks the investment results of the S&P 500 Index.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60