Fidelity's Anthony Bolton has predicted a turnaround in China next year as the economic cycle shifts in the country's favour.
The manager of the Fidelity China Special Situations investment trust said the country's GDP growth - officially expected to have slowed to 7.5% this year - in reality stands at below 7%. As a result, he expects the country's growth rate to tick higher next year as the new leadership regime gets to work. "The days of GDP growth over 10% are over, but we expect to see 7% growth next year," he said. "The headline figure is not reliable and I think growth has come down below that this year." Bolton said the Chinese A share market had been particularly affected, but with the electio...
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