Fidelity's Bolton expects China stimulus as inflation falls

Anthony Bolton has said he expects to see more positive news emerging from China later this year after a fall in inflation left the authorities with more flexibility to boost growth.

Bolton (pictured), speaking at the £510m Fidelity China Special Situations trust's AGM yesterday, told investors he still believes his focus on consumption and the expanding middle class in China is the right approach to investing in the region, according to a report in the Telegraph. The legendary fund manager said inflation is now less of a worry in China as it has fallen as the global economy has slowed, leaving the country's authorities in a position to stimulate growth. "Valuations and sentiments are very supportive for Chinese equities," he reportedly said. "With inflation less ...