April 12, 2006 at 3:54 pm by Tom Lydon
The iShares FTSE/Xinhua China 25 Index (FXI) represents a diversified group of 25 Chinese stocks. As economic news from China rolls in, it’s difficult to bet against China.
Boeing Co. expects its sales in China to match last year’s level of 120 aircraft following a major order placed this week.
George Bush called on Chinese President Hu Jintao on Wednesday to explain at their
meeting April 20 how China will help rectify global economic
imbalances. U.S. manufacturers hope Hu will announce that China is
prepared to move more quickly to a fully flexible exchange
rate. See Reuters story.
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