China's President Xi Says Will Accelerate Scientific, Tech Innovation In Fields Of New-Generation Information Technology, Artificial Intelligence, Quantum Technology, Biotechnology, New Energy And Others
Portfolio Pulse from Benzinga Newsdesk
China's President Xi Jinping announced plans to accelerate scientific and technological innovation in various fields including new-generation information technology, artificial intelligence, quantum technology, biotechnology, and new energy.
June 24, 2024 | 2:06 pm
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POSITIVE IMPACT
The announcement by China's President Xi Jinping to accelerate innovation in key technological fields could positively impact the iShares China Large-Cap ETF (FXI), which includes major Chinese tech and energy companies.
The focus on accelerating innovation in technology and energy sectors is likely to benefit major Chinese companies included in the FXI ETF. This could lead to increased revenues and growth prospects for these companies, positively impacting the ETF's performance.
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