Global X launches China sector ETFs

The Global X China Consumer ETF is designed to replicate the S-Box China Consumer index. As of October 30, the largest stocks were food and beverage companies, followed by an automobile company and a department store retail group. Global X says the Chinese President Hu Jintao recently announced the government is expanding domestic spending, particularly in consumer demand. China's retail sales also increased in October by 16.2% over a one year period, according to the National Bureau of Statistics of China. Global X also highlights the incremental contribution of Chinese consumers ...