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Jan. 19, 2021, 12:57 p.m. EST

China ETFs surge on GDP beat

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By Andrea Riquier

Chinese growth-stock exchange-traded funds roared higher Tuesday, the first trading day in the U.S. after the country said it had had economic growth that beat analyst expectations and surpassed pre-pandemic rates of growth. Gross domestic product rose 6.5% in the fourth quarter compared to a year earlier, according to a release from the National Bureau of Statistics, higher than Q4 2019 growth of 6.0%. The Global X MSCI China Information Technology ETF /zigman2/quotes/201468316/composite CHIK -2.42% and the Invesco China Technology ETF /zigman2/quotes/203596391/composite CQQQ -2.64% both jumped 5.6% by midday Tuesday, while the iShares MSCI China Small-Cap ETF /zigman2/quotes/208102608/composite ECNS -0.36% was up 5.3%. Many Western analysts maintain some skepticism about official Chinese government reports on economic health. Still, the centralized government has been better able to coordinate a pandemic response than more diverse countries like the U.S.

/zigman2/quotes/201468316/composite
US : U.S.: NYSE Arca
$ 33.84
-0.84 -2.42%
Volume: 14,360
Feb. 25, 2021 8:00p
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/zigman2/quotes/203596391/composite
US : U.S.: NYSE Arca
$ 95.04
-2.58 -2.64%
Volume: 401,546
Feb. 25, 2021 8:00p
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/zigman2/quotes/208102608/composite
US : U.S.: NYSE Arca
$ 58.87
-0.21 -0.36%
Volume: 27,807
Feb. 25, 2021 8:00p
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