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 country eased its COVID-19 curbs, travelers made 308 million domestic trips, a 23.1-percent increase from last year, rebounding to nearly the level in 2019 before the pandemic, official data shows.

The robust and sustainable growth in China provides a welcome lift to the global economy, said Steven Barnett, the IMF’s senior resident representative in China, during an interview with CGTN.

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

China stock markets rise on upbeat travel data

Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell. The CSI 300 added 0.5% as trading resumed following the Lunar New Year holidays that

Fidelity China Special Situations

China stocks rebound as US Fed signals slower rate cuts

China stocks reversed losses on Monday, rebounding off five-year lows, while most Asia markets kickstarted the holiday-shortened week largely lower on fears of higher-for-longer interest rates. The U.S. Federal Reserve Chair Jerome Powell said the central bank would likely move

Fidelity China Special Situations

China stock market regulator’s measures boost Hong Kong stocks

Stocks in Hong Kong jumped after China’s market regulator suspended securities lending of restricted shares listed on mainland exchanges to stabilise stock prices, adding to a slew of measures to stem a market rout. China Evergrande sank after losing

Fidelity China Special Situations

Chinese stocks Gain as confidence returns to investors

Chinese stocks gained again on Thursday as confidence returned to investors in Hong Kong and Shanghai amid positive signs of government stimulus. Meanwhile, Tokyo stocks steadied after slipping lower in recent days. Hong Kong’s Hang Seng Index rose

Fidelity China Special Situations

Foreign institutions positive about China’s economic prospects

Many foreign institutions are positive about China’s economic prospects in 2024. They predict that consumption and exports will continue to improve and investment will rise, which will jointly contribute to the economic recovery. This year, the central government

Fidelity China Special Situations

China stocks rebound after a five-day losing streak

China stocks rebounded slightly on Tuesday, after a five-day losing streak, with tourism companies leading the gains amid rising enthusiasm for winter travel, and as some investors bought the dip after blue-chip shares hit a nearly five-year low

Fidelity China Special Situations

Investors getting tempted by cheap China stocks

China’s stock markets have been in a slump since early 2021, losing nearly two-thirds of their value — which is making some investors very, very tempted. Almost one-third of 417 respondents to Bloomberg’s weekly Markets Live Pulse survey

Fidelity China Special Situations

China stocks get a new look

A New York-based emerging markets equities fund that has outperformed most of its peers has been adding to its Chinese stock holdings in recent months, as it deemed this year’s relentless selling to be overdone. Pzena Emerging Markets

Fidelity China Special Situations

Hong Kong stocks surge in best week since July

Hong Kong stocks surged, heading for their best week in more than four months, after China took measures to spur home sales in top-tier cities. Optimism about an imminent end to global rate hikes also fanned gains. The Hang Seng

Fidelity China Special Situations

China stocks rebound

Chinese stocks staged a sharp recovery in afternoon trading, with a spike in volumes for an exchange-traded fund tracking state-owned shares fueling speculation of buying by state funds.   The CSI 300 Index reversed all of its 1.6%

Fidelity China Special Situations

China stocks rise as cautious investors await policy signals

China stocks slightly edged up on Friday, but the blue-chip benchmark still hovered around nearly five-year lows, as investors remained cautious about the country’s weak recovery and awaited clues from upcoming policy meetings. The blue-chip CSI 300 Index

Fidelity China Special Situations

China’s service sector sees signs of upturn

China’s services activity expanded at a quicker pace in November, a private-sector survey showed on Tuesday, as the upturn in new businesses were the best seen for three months amid reports of firmer market conditions. Julian Satterthwaite reports.

Fidelity China Special Situations

China to lead global renewable growth with record installations

China is leading the global renewables market and is on track to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, consultancy Wood Mackenzie said on Tuesday. China’s estimated installation is more than double

No more posts to show