China New Loans For January 4,920.0B Vs. 4,500.0B Est.; 1,170.0B Prior
Portfolio Pulse from Benzinga Newsdesk
China reported new loans for January totaling 4,920.0 billion, surpassing the estimated 4,500.0 billion and significantly higher than the previous 1,170.0 billion.
February 09, 2024 | 8:09 am
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The iShares China Large-Cap ETF (FXI) may see positive movement as China's higher-than-expected new loans indicate strong economic activity.
The increase in new loans suggests heightened economic activity and optimism in China, which could lead to increased investments and spending. As FXI tracks large-cap Chinese companies, these economic indicators can positively influence the ETF's performance by reflecting the overall health and growth prospects of the Chinese economy.
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IMPORTANCE 60
RELEVANCE 75