China Premier Li Qiang Said Necessary To Vigorously Promote Digital Technology Innovation And Breakthroughs; Speed Up The Construction Of Network Computing Power Application Infrastructure
Portfolio Pulse from Charles Gross
China's Premier Li Qiang has emphasized the need to promote digital technology innovation and breakthroughs, and to accelerate the construction of network computing power application infrastructure, according to Reuters citing China state media.
October 09, 2023 | 10:49 am
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The emphasis on digital technology innovation and infrastructure by China's Premier could potentially impact the iShares China Large-Cap ETF (FXI), which includes large-cap Chinese tech companies.
The push for digital technology innovation and infrastructure in China could lead to increased investments in large-cap Chinese tech companies, which are part of the FXI ETF. This could potentially drive up the price of the ETF in the short term.
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