Fidelity's Bolton on prospects for China in 2013

The manager of the Fidelity China Special Sitations investment trust said growth in the region - officially recognised to have slowed to 7% this year - was actually lower than this in 2012. As a result, he expects the country's growth rate to tick higher next year as the new leadership regime gets to work. "The days of GDP growth over 10% are over, but we expect to see 7% growth next year," he said. "The headline figure is not reliable and I think growth has come down below that this year." Bolton said the Chinese A share market had been particularly affected by this, but with t...