China's President Says Manufacturing, Tech Will Drive Growth

As China continues to grapple with global inflation amid its re-opening, leaders see sectors like manufacturing and technology helping to drive economic growth, according to Chinese president Xi Jinping.

China seeks to wean itself from dependence on other countries and work towards more self-sufficiency. That means advance efficiencies in the manufacturing and tech, Xi noted in a meeting of the Central Financial and Economic Affairs Commission.

Of course, China’s government will have a strong hand in helping to guide this growth. Allocation of funds into the manufacturing and tech sectors will help spur any advancement initiatives. That will allow for growth opportunities for investors.

“The report signals that Beijing’s stimulus effort will be highly focused on the advanced manufacturing sector and non-financial elements of the economy,” the referenced South China Morning Post article said.

A Fund of Fund Opportunity

A number of ETFs offer exposure to China’s ambitious plans for growth. However, for a broad-based opportunity that can encapsulate various sectors, consider the KraneShares China Innovation ETF (KGRO).

This actively managed ETF offers dynamic exposure that allows for portfolio changes when market conditions warrant adjustment. Given this, KGRO is essentially a fund of funds that offers exposure to the following KraneShares ETF products:

If investors want more targeted exposure to these individual funds, they can solely allocate capital to each fund.

For more news, information, and strategy, visit the China Insights Channel.