Fidelity International Executive Bullish on China

Christopher Ryan, managing director of Fidelity International, told Bloomberg he is particularly optimistic about China, citing the economy’s diversification and the government’s stimulus plan.

“Everybody underestimated what China had achieved,” Ryan said. “There is no reason to doubt them now.

Referring to the control China’s government has over industry, he added, “China is able to get money into the economy quickly, whereas in the U.S., there’s a lot of other [political] processes to get things done. [That’s] one advantage China has over a country like the U.S.

“In the near terms, the Chinese government has stimulated the economy a bit more, and you can see the evidence of that,” Ryan continued.