Fidelity’s Bolton & co see end to China tightening

Star UK fund manager Anthony Bolton and colleagues at Fidelity International are predicting a pick-up in Chinese domestic consumption as the nation nears the end of its monetary tightening cycle. Consumer-price inflation (CPI) typically trails monetary policy by six months, notes Raymond Ma, portfolio manager of Fidelity’s China Consumer Fund. “If the tightening circle is coming to an end, CPI will come down and softening CPI is good news for consumption,” he says. He was talkin…