Fidelity analysts back Chinese companies to thrive post-pandemic

According to survey

Mike Sheen
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China's strict containment measures will pay off over the year, according to Fidelity
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China's strict containment measures will pay off over the year, according to Fidelity

Chinese firms are best placed to survive and thrive when the fallout of the ongoing coronavirus pandemic is eventually contained, a survey of 152 Fidelity International equity and fixed income analysts suggests.

While 87% of the firm's China analysts said they expect the virus to damage profitability - the highest of any region - 85% said any hit on earnings will be contained to the first half of this year. By comparison, 42% of analysts covering other regions expect the impact to extend into the second half. Experts call for automated breaks in UK stockmarket as FTSE plunges 10% in one day Japan was the only other country the analysts expected to see pandemic-related damage to be limited to the first half of the year, while EMEA and Latin America were viewed as most likely to see the econ...

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