China 'to withstand US recession'

Moreover, the recent sell-off on equity markets has delivered some attractive opportunities, say the three. Martha Wang, manager of the Fidelity China Focus fund, said: "In the near term, the slowdown in the US is unlikely to significantly impact on China. "It may actually benefit China, by reducing the need for more aggressive monetary tightening, and supporting the focus on more sustainable, domestically-driven growth." She sees opportunities within the consumer, healthcare and infrastructure sectors, based on favourable industry dynamics in these areas. "In the near term, market...