Fidelity's Dale Nicholls bullish on China's 'domestic opportunity'

Trade concerns no deterrent to manager's outlook

Dale Nicholls, manager of the £1.2bn Fidelity China Special Situations Trust (FCSS), continues to take advantage of "the domestic opportunity" in China as he looks to find long-term winners in both listed and unlisted markets.

There are a number of concerns regarding the macro backdrop in China, including slowing GDP growth, the build-up of debt in the economy and the impact of trade tensions with the US. Prepare for market correction as US-Chinatensions threaten to turn into currency war Nicholls said he accepted these are real risks to the Chinese economy; the amount of debt in the system, which has increased 100% since the Global Financial Crisis, will lead to issues particularly with non-performing loans, for instance. Trade, too, will cause short-term problems for industries such as autos and in per...