Chinese Vice Premier He Lifeng Says Important Task For Yellen Meeting Is To Implement Tasks From Biden, Xi; Talks So Far With Yellen Have Been Constructive; Will Communicate China's Concerns About Economic, Investment Relationship With U.S.
Portfolio Pulse from Benzinga Newsdesk
Chinese Vice Premier He Lifeng stated that the key task for the meeting with US Treasury Secretary Janet Yellen is to implement tasks from President Biden and President Xi. He also mentioned that the talks with Yellen have been constructive and that China's concerns about its economic and investment relationship with the US will be communicated.
November 09, 2023 | 6:39 pm
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NEUTRAL IMPACT
The meeting between Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen could impact the iShares China Large-Cap ETF (FXI) depending on the outcome of the discussions.
The ETF FXI, which tracks large-cap Chinese stocks, could be affected by the outcome of the talks between Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen. The discussions are focused on implementing tasks from President Biden and President Xi, and any significant developments could influence investor sentiment towards Chinese stocks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could also be influenced by the outcome of the talks between Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen.
The ETF SPY, which tracks the S&P 500 index, could be affected by the outcome of the talks between Chinese Vice Premier He Lifeng and US Treasury Secretary Janet Yellen. The discussions are focused on implementing tasks from President Biden and President Xi, and any significant developments could influence investor sentiment towards US stocks.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60