Reuters Reported China To Issue $284B Of Sovereign Debt As Part Of Fresh Fiscal Stimulus; Some Of The Fiscal Support Measures Could Be Unveiled As Early As This Week, Citing Sources
Portfolio Pulse from Benzinga Newsdesk
China plans to issue $284 billion in sovereign debt as part of a new fiscal stimulus package. Some measures could be announced this week, according to sources.
September 26, 2024 | 9:28 am
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The iShares China Large-Cap ETF (FXI) may be impacted by China's announcement to issue $284 billion in sovereign debt as part of a fiscal stimulus package. This could lead to increased investor interest in Chinese equities.
The issuance of $284 billion in sovereign debt by China is a significant fiscal stimulus measure. This could boost the Chinese economy and, in turn, positively impact the iShares China Large-Cap ETF (FXI), which tracks large-cap Chinese companies. Investors may anticipate economic growth and increased corporate earnings, leading to potential short-term gains in FXI.
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