Potential Chinese economic growth can reach 5.9% through to 2030

The core of China’s economic work in the future will be to maintain stable growth. In order to reach the goal of achieving modernization by 2035, China should secure average annual economic growth of 4.6 percent, but based on current trends, China’s economic growth rate will fall below 4.6 percent within three years. Therefore, striving for long-term stable growth should be the focus of future economic work.

How can economic growth be stabilized? There is a need to return to government and market economics. The government should foster the market as well as regulate the market well while performing its functions. It should be recognized that China’s economy remains relatively cold. Although there was a surge in tourism during the May Day holidays and some data is looking good, it cannot be ignored that the current consumer price index (CPI) and the producer price index (PPI) indicated a relatively cold economy.

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.

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