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Internet has become closely integrated with the everyday life of Chinese people, and some companies are positioned to profit greatly from it. Find out more about one ETF with such high-quality companies!
China’s Internet usage has skyrocketed in recent years, thanks to the growing number of Internet users and rising usage by existing Internet users.
As China shift towards a consumption-driven economic model, the steady growth in consumption is increasingly captured in the online retail and services segments.
With online services becoming increasingly integral to the Chinese lifestyle, permeating many aspects of daily life, consumers in China are likely to continue spending more online, across broader categories.
Invesco China Technology ETF (NYSE: CQQQ) provides exposure to various high-quality Chinese Internet companies,