Reuters Reported Earlier: Chinese Premier Li Qiang Does Not Intend To Hold A Meeting With Visiting Foreign CEOs At Upcoming China Development Forum In Late March
Portfolio Pulse from Charles Gross
Chinese Premier Li Qiang will not meet with foreign CEOs at the China Development Forum in late March, signaling potential challenges for international business relations.
March 12, 2024 | 8:54 am
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NEGATIVE IMPACT
The decision by Chinese Premier Li Qiang to not meet with foreign CEOs may negatively impact investor sentiment towards Chinese markets, potentially affecting the iShares China Large-Cap ETF (FXI).
Li Qiang's absence at the China Development Forum may be perceived as a step back in international business relations, potentially leading to cautious or negative sentiment among investors towards Chinese equities, including those represented in the FXI ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80