China’s Plan to Tank Its Stock Market
The phrase ‘the fix is in’ refers to government-backed manipulation. When I say ‘the fix is in for FXI’, that’s not meant to be mysterious. FXI is the ticker symbol for a US exchange-traded fund (ETF) composed of the largest Chinese stocks. When you combine the two into a government plan to tank its national stock market — at least to a point — you’re as close to a sure thing as stock market indices allow these days.
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