The Chinese economy unpacked – panel discussion video #2

At the beginning of March, China announced a new GDP growth target of 4.5–5% – its lowest on record and the first time since 1991 that the goal has fallen below the 5% mark. Despite this, policymakers emphasised a shift in focus towards “high-quality growth,” prioritising advanced industries and structural reform over reliance on low-cost exports to Western markets, where demand is becoming more cautious. Dale Nicholls, Portfolio Manager at Fidelity International, and Qian Zhang, Investment Specialist at Baillie Gifford, explore this topic in more detail.