China is now 'too big to ignore,' says FTSE analyst [CNBC]
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Source: CNBC
China is now 'too big to ignore,' says FTSE analyst The growing internationalization of Chinese equities and bonds means China is now "too big to ignore," according to FTSE Russell Managing Director of Global Markets Research, Philip Lawlor. A second phase of inclusion is due in September with a third scheduled for March 2020. The total program is expected to add $260 billion to FTSE emerging market indexes, and Lawlor told CNBC's "Squawk Box Europe" that China is "going to dominate emerging markets in the same way the U.S. dominates developed markets." VIDEO 3:07 03:07 China is too big to ignore and will dominate emerging markets, FTSE analyst says U.S. Senator Marco Rubio recently followed President Donald Trump's hardline trade war position on China, by writing to MSCI to request information on why it was increasing the weighting of Chinese company shares in its benchmarks. Lawlor told CNBC that while FTSE Russell "might get a letter" from Rubio, the index provider "can look pe
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