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Newsroom
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Symbolic of success, strength, and power, can China make the most of the Year of the Dragon? We take a closer look and share 2 fund ideas.
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Published on 9 February 2024
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
Last year was the Year of the Rabbit, usually linked to gentleness and serenity, but for Chinese investors, 2023 was far from peaceful. The question, whether the economy would meet its 5% target – the lowest in decades – sparked debate among analysts and economists throughout the year.
While the economy did crawl over the line with record full-year gross domestic product (GDP) growth of 5.2%, meeting this target doesn’t hide the ongoing challenges facing policymakers. Deflation, debt, record youth unemployment and a declining population are just a few.
Monetary policymakers have taken broad, gradual measures to support the economy. However, we haven’t seen a ‘bazooka’ or game changing policy to reassure the market which is calling for decisive action.
Any major developments here could help boost confidence and offer some
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