China's Economic Performance: FXI heavily tracks Chinese companies, so economic growth, industrial production, and trade data significantly influence its price. Strong Chinese economic data usually boosts FXI.

Geopolitical Risks: US-China relations, trade tensions, and geopolitical events in the region can affect investor sentiment and impact FXI's value. Increased tensions often lead to price declines.

Regulatory Changes: Changes in Chinese regulations, particularly those affecting industries heavily represented in FXI like financials and technology, can create both opportunities and risks, thus affecting the ETF's price.

Global Market Sentiment: Overall global market conditions and risk appetite can impact investment flows into emerging markets like China, influencing demand for FXI and subsequently its price.

Currency Fluctuations: The value of the Chinese Yuan relative to the US dollar can impact FXI. A stronger Yuan boosts returns for US investors, while a weaker Yuan reduces returns.