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New China ETFs test investor appetite amid Sino-U.S. tech war, market rout

Sumary of New China ETFs test investor appetite amid Sino-U.S. tech war, market rout:

  • Vying for tech supremacy over China, the United States is seeking to suppress China’s technological advancement, and reshore the supply chain of high-tech industries that are critical to U.S. national security, said Kaiwen Wang, China strategist at alternative asset management firm Clocktower Group.
  • Daisy Li, fund manager at EFG Asset Management, said the whole world has shifted to security-centric from cost-centric, adding the United States is aiming to revive its manufacturing industry.

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