Global X China Consumer ETF
Retail sales in China (FXI) rose 11% year-over-year (or YoY) in June 2017, compared to a 10.7% rise in May.
A solid improvement in China’s (FXI) service sector in May 2017 provided a much-needed support, as its economy currently struggles with its manufacturing sector.
Retail sales of consumer goods totaled 8.5 trillion yuan (~$1.3 trillion) in 1Q17, according to the National Bureau of Statistics.
Company & Industry Overviews
China’s service sector has been showing tremendous improvement since the last quarter of 2016.
In 4Q14, JAT Capital decreased its position in Melco Crown Entertainment (MPEL). The position represented 1.18% of the fund’s fourth-quarter holdings.