China Growth Can't Be Trusted But Stocks are Compelling, says Fidelity

Fidelity China Special Situations manager Dale Nichols admits he is not bullish on the Chinese economy - but he is bullish on the stock market

Emma Wall 17 February, 2016 | 4:14PM
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There are plenty of reasons not to believe in a Chinese recovery. Indicators suggest that the economy is in big trouble – freight volumes and energy consumption are in in negative territory and anyone with exposure to mining stocks knows that demand for commodities has stalled.

China will be the biggest economy in the world by 2020

But Dale Nicholls, manager of the Fidelity Special Situations fund said that there were also key markers to suggest that while the economy was slowing, the stock market was set to rise.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity China Special Ord302.81 GBP-3.10Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar