Reported Earlier, China Gross Domestic Product (QoQ) For Q1 1.6% Vs. 1.2% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
China's Gross Domestic Product (GDP) for the first quarter (Q1) grew by 1.6%, surpassing the previous quarter's revised growth of 1.2%.
April 16, 2024 | 4:35 am
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POSITIVE IMPACT
The iShares China Large-Cap ETF (FXI), which tracks the investment results of an index composed of large-capitalization Chinese equities, may see positive short-term movement due to China's higher than expected GDP growth.
Higher GDP growth in China is a positive indicator of economic strength, which can lead to increased investor confidence in Chinese equities, potentially benefiting ETFs like FXI that are focused on large-cap Chinese stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80