116. China: the opportunities and concerns for investors in 2021

Dale Nicholls, manager of Fidelity China Special Situations, discusses the US/China relationship under Biden and tells us about the inter-regional trade deal signed in Asia last year. He also reveals how much of the Chinese economy has reopened post-COVID, discusses technology holdings and the Chinese consumer, and gives his outlook for the country in 2021.
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Fidelity China Special Situations invests predominantly in companies listed both domestically in China and on the Hong Kong Stock Exchange. Manager Dale Nicholls is able to make use of Fidelity’s investment licences in China, which are among the largest of any international investor, offering investors direct exposure to the China growth story.

Read more about Fidelity China Special Situations

What’s covered in this podcast:

  • How UK companies reacted to the pandemic and how quickly earnings recovered What a Biden presidency means for Chinese companies [0:29]
  • Details of the Asian inter-regional trade deal signed in 2020 [1:44]
  • How China fared in the pandemic and how much of the economy has now reopened [3:34]
  • Why the trust invests in some companies listed in the US [5:11]
  • How much of the portfolio is invested in technology companies [6:01]
  • Which other areas of the Chinese market they manager thinks hold exiting opportunities [6:55]
  • The outlook for China in 2021 [7:50]
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