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iShares China Large-Cap ETF (FXI)

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  • Mar. 2, 2012, 12:47 PM
    "The iron rice bowl has become a pot of gold," says James McGregor of the dominance of state-owned enterprises (SOE) in China causing an inefficient allocation of resources. The success of China, he argues, has much to do with a population that is "good at getting around bad policies ... but (now) it's getting harder to get around bad policy."
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  • Mar. 2, 2012, 12:14 PM
    Up 1.4% last night, Chinese shares logged their 7th consecutive weekly gain, the longest streak since summer 2009. The National People's Congress begins it annual meeting next week, and hopes are high policies targeting increased consumption will be adapted. FXI +15.3% YTD.
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  • Mar. 1, 2012, 2:17 AM
    Two Chinese manufacturing surveys released today both indicated mild improvement in February, but underlying data showed surging input prices and deteriorating new orders, suggesting further weakening in the Chinese economy. The two surveys were both near the key 50 level separating expansion from contraction, though HSBC's index showed 49.6 and the government-backed PMI was 50.5.
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  • Feb. 28, 2012, 7:08 AM
    Shanghai boosts the city's minimum wage 13% to ¥1,450, or $230/month, following Beijing and Shenzhen which hiked earlier this year. "China has passed the demographic turning point, with little excess labor left," says an economist expecting more wage increases to cope with a chronically tight labor market
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  • Feb. 24, 2012, 3:18 AM
    China should accelerate the loosening of capital controls, says the PBOC in a report that outlines the path to a freely tradable currency and more open capital markets. The timing of the report suggests reform-minded officials may be trying to build momentum ahead of a leadership transition announcement later this year.
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  • Feb. 23, 2012, 4:40 AM
    China could face an economic crisis unless it implements deep reforms. That's the conclusion of a report, to be released Monday by the World Bank and a Chinese think tank, which challenges how China's economic model has developed over the last decade and stresses the need to scale back China's vast state-owned enterprises.
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  • Feb. 22, 2012, 2:54 AM
    The flash estimate for February's HSBC China PMI comes in at 49.7, a slight improvement from January's final 48.8 but still in contractionary territory. However, the data is somewhat distorted because of the weeklong Lunar New Year holiday.
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  • Feb. 21, 2012, 10:01 AM
    China plans to increase export tax rebates in response to slowing demand overseas, the first such move since 2009. "The situation is getting more severe, with a double-digit decline in export growth expected in Q1," says a deputy director in the Commerce Ministry.
    | 6 Comments
  • Feb. 18, 2012, 7:28 AM
    The PBOC cuts bank reserve ratio requirements by 50 basis points to 20.5%, effective February 24, reports the WSJ. It's the second easing of policy in less than 90 days.
    | 19 Comments
  • Feb. 13, 2012, 12:24 PM
    Lending (more or less state-directed) is the Chinese equivalent of U.S. deficit spending, says Warren Mosler, who believes a 28% Y/Y decline in bank lending in January is less about the New Year holiday and more to do with Beijing remaining in "inflation fighting" mode.
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  • Feb. 13, 2012, 10:23 AM
    Chinese inflation, which surprised forecasters by jumping to 4.5% in January, could print as low at 3% this month, according to Zhou Wangjun of the NDRC. As his title is senior official in charge of pricing, he may be worth paying attention to.
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  • Feb. 10, 2012, 8:57 AM
    New lending by Chinese banks rose $117B in January against expectations for a bump of $158B. Again (earlier dive in imports, other weak Jan. data), the unusual timing of the New Year holiday is being tagged as the reason. The M2 money supply expanded 12.4% Y/Y in January, the slowest pace in a decade. It couldn't be an economy sharply slowing, could it?
    | 1 Comment
  • Feb. 10, 2012, 2:29 AM
    China's imports fell 15.3% Y/Y in January, much more than the 3.6% drop economists had expected, while exports decreased 0.5%, widening the trade surplus to a six-month high of $27.3B. It's unclear whether this is an indication of a slowdown in demand, as a week-long holiday disrupted trade and may have distorted the data.
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  • Feb. 9, 2012, 2:02 AM
    China's consumer prices rose 4.5% in January from a year earlier, vs. expectations of +4%, though the figure is somewhat distorted because of a week-long holiday. The unexpected acceleration in inflation puts pressure on officials to hold back on any immediate additional cut in banks’ reserve requirements.
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  • Feb. 8, 2012, 9:32 AM
    Attributing the sharp drop (7.5% Y/Y) in January power consumption in China to the New Year, seems a stretch, say Nomura analysts. It's the first decline outside of an outright crisis on record, an "alarming fall" that signals a concurring drop in industrial production.
    | 1 Comment
  • Feb. 6, 2012, 8:24 AM
    Given Beijing's belief 8% growth is the minimum necessary to stave of social instability, the IMF urges China to have a "significant fiscal package" at the ready after cutting ts GDP growth forecast for the country to 8.2% from 9%, and opining the number could fall to near 4% should Europe tip the world economy into recession. (full report)
    | 1 Comment
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FXI Description
The iShares FTSE China 25 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index.
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Country: China
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