President Biden At G20 Said I Am Sincere About Getting Relationship With China Right; Said China Is Changing Some Of The Rules Of The Game; Biden Said I Don't Want To Contain China
Portfolio Pulse from Charles Gross
President Biden, at the G20 summit, expressed his sincerity about improving the relationship with China. He acknowledged that China is changing some of the game rules and clarified that he does not intend to contain China.
September 10, 2023 | 2:17 pm
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POSITIVE IMPACT
President Biden's comments about improving US-China relations could potentially impact the iShares China Large-Cap ETF (FXI).
President Biden's comments indicate a potential easing of tensions between the US and China. This could lead to a more favorable investment climate for Chinese companies, potentially benefiting the iShares China Large-Cap ETF (FXI).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
President Biden's comments about improving US-China relations could potentially impact the SPDR S&P 500 ETF (SPY).
President Biden's comments indicate a potential easing of tensions between the US and China. This could lead to a more favorable investment climate globally, potentially benefiting the SPDR S&P 500 ETF (SPY).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60