Live On CNBC, Citigroup CEO Jane Fraser Says China Slower Then Expected, Facing More Headwinds
Portfolio Pulse from Benzinga Newsdesk
Citigroup CEO Jane Fraser, in an interview on CNBC, stated that China's economic growth is slower than expected and is facing more headwinds. This could potentially impact Citigroup's operations in the region.
September 29, 2023 | 2:31 pm
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NEGATIVE IMPACT
Citigroup's operations in China could be impacted due to slower than expected economic growth and increased headwinds in the region.
As Citigroup has significant operations in China, slower economic growth and increased headwinds in the region could negatively impact the bank's performance and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be negatively impacted by slower than expected economic growth in China.
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. Slower economic growth in China could negatively impact the performance of these equities, and consequently, the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80