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:
Facebook
X
LinkedIn
Fidelity China Special Situations

More articles like this

Fidelity China Special Situations

Chinese markets rebound as risk sentiment warms

Mainland Chinese equities broke a three-day losing streak on Monday, nudging higher as market sentiment stabilised and policymakers reiterated commitments to openness. With investors weighing geopolitical headwinds and potential policy relief, selective strength across sectors hinted

Fidelity China Special Situations

China’s stock market thrives despite Trump’s tariff barriers

China’s stock market is defying global anxiety over President Trump’s tariff policies, experiencing robust gains even as Asian peers falter. With key indices like the SZSE Component and CSI 300 rallying impressively, investors are keenly watching

Fidelity China Special Situations

Chinese tech stocks rally on AI gains

Chinese equities in Hong Kong are outperforming, driven by tech giants like Alibaba and Semiconductor Manufacturing. Strong potential and innovation make them a compelling investment.

Fidelity China Special Situations

China’s stock gains in AI and chips

China’s stock markets surge on strong AI and semiconductor gains, contrasting Hong Kong’s struggles with US sanctions. Fidelity’s FCSS seeks opportunities amidst the volatility.

Fidelity China Special Situations

Stocks surge in China on positive economic developments

Stocks in China and Hong Kong experienced a notable rebound on Wednesday, as investor sentiment was buoyed by encouraging reports. A Reuters article revealed that China is preparing for a record budget deficit for 2025, alongside

Fidelity China Special Situations

China’s policy shift sparks market rally

Stocks surged and China’s government bonds saw a significant rally after the Politburo indicated a change in its monetary policy, signalling further easing measures in the near future, similar to strategies used during past crises. The