China's President Xi Says China's Original Innovation Capacity Is Still Relatively Weak, And Some Key Core Technologies Are Restricted By Others
Portfolio Pulse from Benzinga Newsdesk
China's President Xi Jinping acknowledged that China's capacity for original innovation remains relatively weak and that some key core technologies are restricted by other countries.
June 24, 2024 | 2:11 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be impacted by President Xi's comments on China's weak innovation capacity and restrictions on key technologies.
President Xi's admission of weak innovation and tech restrictions could lead to investor concerns about the growth prospects of Chinese companies, potentially impacting the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80