China's Premier Said China's Economy Is Recovering And Improving
Portfolio Pulse from Charles Gross
China's Premier has announced that the country's economy is on the path of recovery and improvement, according to state media reports cited by Reuters.
October 13, 2023 | 11:18 am
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POSITIVE IMPACT
The announcement of China's economic recovery could potentially boost the performance of the iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities.
The iShares China Large-Cap ETF (FXI) is directly influenced by the performance of the Chinese economy. As the Premier announces economic recovery, this could lead to increased investor confidence in Chinese equities, potentially boosting the performance of FXI.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80