Eight ETFs to Watch as China Eases Up on Growth
Tom Lydon submits:
China is taking steps to cool what many are starting to believe is runaway growth in its economy. The fact is, though, China is one of the major consumers in the world. Any slowing in its consumption could ding several ETFs. Here are some areas to watch closely. Copper: China, the world’s largest copper consumer, could take further steps to cool price gains, which would diminish demand for commodities, reports Glenys Sims for Bloomberg. China is in the midst of a building boom, and copper is a major part of that, since it’s used in pipes and wiring. The copper markets could feel shockwaves if building in China cools off.Complete Story »
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