Chinese Demand Could Boost These Three Clean Energy ETFs

Around the world, stock markets have been very rocky as of late with investors fearing a return to a recession in many developed countries. This fear has compounded with weak earnings out of many large banks and tempered growth predictions for mainland China to reduce expectations for one of the main drivers of growth in the emerging world. The government has stepped in to cool down the red-hot Chinese economy in order to avoid inflationary pressures but still keep the economy growing at an acceptable rate. This has forced China to end a variety of stimulus programs and forcing banks to cut down on their lending. Chinese banks issued 36 billion yuan less in loans for the month of June and the government has set a target of 7.5 trillion yuan in loans for the year, a 22% decrease from 2009 levels. Due to this sharp cut in available loans, [...] Click here to read the original article on ETFdb.com. Related Stories: Earth Day Special: Definitive Guide To Clean Energy ETFs Why Clean Energy ETFs Are No Slam Dunk Will Climate Deal Boost Alternative Energy ETFs?