Reuters Report Half Of The China Stimulus Package Designed To Stimulate Consumption, The Other Half To Help Local Governments Tackle Debt Problems
Portfolio Pulse from Benzinga Newsdesk
China's new stimulus package is split equally between boosting consumption and aiding local governments with debt issues. This could impact the iShares China Large-Cap ETF (FXI), which tracks major Chinese companies.
September 26, 2024 | 9:30 am
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The iShares China Large-Cap ETF (FXI) may be influenced by China's new stimulus package, which aims to boost consumption and assist local governments with debt issues.
The stimulus package is designed to stimulate consumption and address local government debt, which could positively affect major Chinese companies included in FXI.
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