“China’s Communication Services sector includes a host of innovative internet, social media, streaming, gaming, and telecom companies that have been driving the country’s efforts to become a global technology powerhouse,” notes Global X.
While most of CHIC’s holdings are not owned by the Chinese government, the government there is supportive of the communication services and that could benefit investors.
“A common theme among high-growth potential sectors in China is that the government helps accelerate expansion through a variety of supportive policies. For the Communication Services sector, the government has advanced a series of measures supporting its growth, from consumption stimulus to internet infrastructure, technological innovation, and deregulation,” according to Global X.
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