The recent hiccup in investor sentiment should not develop into anything more dramatic, writes Rob Burdett and Gary Potter, co-heads of multi-manager at F&C investments.
Outgoing manager Anthony Bolton talks to his successor Dale Nicholls about the future strategy of the Fidelity China Special Situations investment trust.
Short-term borrowing rates in China have soared to record highs as credit seizes up, prompting fears that the country's liquidity squeeze may be spinning out of control.
A sharp fall in factory output in China cast a shadow over the global economy yesterday as the eurozone remained mired in recession.
Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world's two largest economies.