Reported Earlier, China Industrial Production Year to Date (YoY) For July 5.9% Vs. 6.0% Prior
Portfolio Pulse from Benzinga Newsdesk
China's industrial production year to date (YoY) for July was reported at 5.9%, slightly below the prior figure of 6.0%.
August 15, 2024 | 4:58 am
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The iShares China Large-Cap ETF (FXI) may experience short-term volatility due to the slight decline in China's industrial production growth rate from 6.0% to 5.9%.
The slight decline in China's industrial production growth rate could signal potential economic slowing, which may negatively impact investor sentiment towards Chinese equities, including those in the FXI ETF.
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