China's Xi Sais Deepening Of Reforms Will Focus On Tackling Deep System And Institutional Obstacles, And Structural Conflicts; Involves Both Destruction And Construction
Portfolio Pulse from Charles Gross
China's President Xi Jinping has announced a deepening of reforms aimed at addressing systemic and institutional obstacles, as well as structural conflicts. The reforms will involve both destruction and construction, according to state media.
May 23, 2024 | 11:13 am
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The announcement of deepening reforms by China's President Xi Jinping could impact the iShares China Large-Cap ETF (FXI), which tracks the performance of large-cap Chinese companies. The reforms aim to address systemic and institutional obstacles, potentially leading to market volatility.
The reforms announced by Xi Jinping are significant and could lead to both positive and negative impacts on large-cap Chinese companies. This could result in short-term volatility for FXI, which tracks these companies.
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