China Premier Li Qiang: Stresses Self Reliance For Tech Industry And Development Of Integrated Circuits
Portfolio Pulse from Charles Gross
China's Premier Li Qiang has emphasized the importance of self-reliance for the country's tech industry, particularly in the development of integrated circuits, according to Reuters citing Chinese state media.
October 09, 2023 | 10:44 am
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NEUTRAL IMPACT
The emphasis on self-reliance in the tech industry by China's Premier could impact the iShares China Large-Cap ETF (FXI), which includes large Chinese tech companies.
The push for self-reliance in the tech industry by China's Premier could have implications for large Chinese tech companies included in the FXI ETF. However, the exact impact is uncertain and will depend on how these companies adapt to the new focus.
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