China’s economic rebound has boosted global growth

China’s renewed economic growth will have a positive impact on the global economy in 2023. As the world’s second-largest economy, China’s performance significantly impacts the rest of the world, and its recent rebound has raised optimism about global growth prospects. Additionally, the country’s pent-up travel demand was unleashed during the seven-day Chinese New Year holiday, with very high numbers of travelers returning from abroad.

During the Spring Festival holiday, 308 million domestic trips were made during the holiday week, about 90 percent of the 2019 figure. Outbound flight bookings increased 6.7 times over from 2022. Over 90 percent of Chinese cinemas have reopened, and box office receipts throughout the vacation scored over 6.7 billion Chinese yuan ($990 million), the second-highest holiday gross to date. China’s January box office receipts exceeded 10 billion yuan ($1.47 billion), an all-time monthly record.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Fidelity China Special Situations

More articles like this

Fidelity China Special Situations

Hong Kong stocks gain as China markets buck trend

Asia-Pacific markets traded mixed on Monday as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk. Hong Kong’s Hang Seng index rose 1.96%, led by technology stocks,

Fidelity China Special Situations

China’s economy set to return to steady growth

THE Chinese economy is expected to rebound and return to steady growth this year, with more jobs created on the back of expanding consumption and a recovering real estate sector, a senior political advisor said. Ning Jizhe, vice-chairman

Fidelity China Special Situations

An investment trust taking advantage of China’s reopening

The Chinese equity market has provoked strong views in recent times. The sudden shift in market sentiment resulted in Chinese stocks tearing ahead, delivering big gains for many Asian equity funds. That was turned on its head in the following two years: first a

Fidelity China Special Situations

Chinese stocks up 2%

Asia-Pacific markets were mostly higher on Monday, as investors look ahead to a batch of economic data later in the week, including minutes for the U.S. Federal Open Market Committee (FOMC). The People’s Bank of China left its

Fidelity China Special Situations

China’s fast economic rebound spurring global growth

China is on its way to economic recovery with the rebound in travel and consumption. Residents are going back to offline stores and planning more trips this year.  During the Spring Festival, the first major holiday after the

Fidelity China Special Situations

Optimism on Chinese stocks soars to five-year highs

Money is flowing into mainland Chinese and Hong Kong stocks in ways not seen since 2018, according to research firm EPFR Global. Active foreign fund managers put $1.39 billion into mainland Chinese stocks in the four weeks ended

Fidelity International

Fidelity FCSS: 11% cumulative 3 year NAV growth to Dec 2022

Fidelity China Special Situations plc (LON:FCSS) has published its fact sheet for the period to 31 December 2022. Portfolio Manager Commentary  Sentiment towards the Chinese equities market was poor over the year due to concerns over the property sector

Fidelity China Special Situations

Chinese stocks surge after week-long holiday

Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost spending and support economic growth also aided sentiment. The Shanghai Shenzhen CSI 300

Fidelity China Special Situations

China’s economy to see significant improvement in 2023

The Chinese economy will see a significant improvement this year, and its growth will most likely return to its normal trend, Chinese Vice Premier Liu He said Tuesday at the World Economic Forum Annual Meeting 2023. Over the

No more posts to show