2021 was a big year for the global fight against climate change. China's president, Xi Jinping, again pledged that China would hit peak emissions by 2030 and be net zero by 2060. Then at COP26 in Glasgow, over 100 countries pledged to cut greenhouse gas emissions and eliminate deforestation.

But that appeared to come to a screeching halt when the world was hit by the triple blow of Omicron spreading globally, the war in Ukraine breaking out, and the Fed starting to hike interest rates. For some people, it looked like fighting climate change took a back seat as priorities shifted towards energy security and economic stability.

Coming back to 2023: China is still the biggest greenhouse gas emitter. But has the country slipped on its path to decarbonisation? Or is progress indeed moving ahead?

In this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, are joined by Flora Wang, Portfolio Manager & Head of Stewardship, Asia, and Dhananjay Phadnis, Portfolio Manager.

With additional contributions from Senan Yuen, Head of Investments, China, Bunny Huang, Investment Analyst, and James Richards, Senior Industry Analyst.

Read more at fidelityinternational.com

2021 was a big year for the global fight against climate change. China's president, Xi Jinping, again pledged that China would hit peak emissions by 2030 and be net zero by 2060. Then at COP26 in Glasgow, over 100 countries pledged to cut greenhouse gas emissions and eliminate deforestation.
But that appeared to come to a screeching halt when the world was hit by the triple blow of Omicron spreading globally, the war in Ukraine breaking out, and the Fed starting to hike interest rates. For some people, it looked like fighting climate change took a back seat as priorities shifted towards energy security and economic stability.
Coming back to 2023: China is still the biggest greenhouse gas emitter. But has the country slipped on its path to decarbonisation? Or is progress indeed moving ahead?
In this episode, Catherine Yeung, Investment Director, and Marty Dropkin, Head of Equities, Asia Pacific, are joined by Flora Wang, Portfolio Manager &amp; Head of Stewardship, Asia, and Dhananjay Phadnis, Portfolio Manager.   With additional contributions from Senan Yuen, Head of Investments, China, Bunny Huang, Investment Analyst, and James Richards, Senior Industry Analyst.   Read more at <a href="http://www.fidelityinternational.com">fidelityinternational.com</a>

Fidelity Answers is a podcast channel from Fidelity International's editorial team. From tech cycles to The End of the Cycle, from downside protection to the upside of ESG, we bring you in depth conversations and the latest ideas from our analysts, portfolio managers and investment directors to explore the latest investment thinking.

As well as topical standalone episodes you'll find our series 'The Investor's Guide to China' where we put the economic powerhouse under the microscope with on-the-ground experts; and 'Fundamentals', a series where the analysts discuss the implications of their latest research, from 5G technology to the plight of the Orangutan. 

***If you enjoy Fidelity Answers then whey not listen to our other show, 'Rich Pickings: Fidelity's Asset Allocation Podcast', where each month we dive into the latest market trends with Fidelity's asset allocation group, asking them how they're positioned and why. What will the portfolio managers reveal about their investment strategies? What are the team's hot cakes this month? And what would they drop like a hot potato? 

Fidelity Answers is a podcast channel from Fidelity International's editorial team. From tech cycles to The End of the Cycle, from downside protection to the upside of ESG, we bring you in depth conversations and the latest ideas from our analysts, portfolio managers and investment directors to explore the latest investment thinking.
As well as topical standalone episodes you'll find our series 'The Investor's Guide to China' where we put the economic powerhouse under the microscope with on-the-ground experts; and 'Fundamentals', a series where the analysts discuss the implications of their latest research, from 5G technology to the plight of the Orangutan.&nbsp;
***If you enjoy Fidelity Answers then whey not listen to our other show, 'Rich Pickings: Fidelity's Asset Allocation Podcast', where each month we dive into the latest market trends with Fidelity's asset allocation group, asking them how they're positioned and why. What will the portfolio managers reveal about their investment strategies? What are the team's hot cakes this month? And what would they drop like a hot potato?&nbsp;

A podcast about markets, economics and business from Fidelity International.

Fidelity Answers: The Investment Podcast

The Investor's Guide to China takes you deep into the workings of the Chinese economy and its financial markets. In each episode Fidelity International brings you a cast of experts who invest in the world's second largest economy. Listen to how they use decades of investment expertise to find the most exciting opportunities, as well as identify the areas best avoided. 

The Investor's Guide to China takes you deep into the workings of the Chinese economy and its financial markets. In each episode Fidelity International brings you a cast of experts who invest in the world's second largest economy. Listen to how they use decades of investment expertise to find the most exciting opportunities, as well as identify the areas best avoided.&nbsp;

The Investor's Guide to China

Fidelity Answers is an investor's podcast channel from Fidelity International. Looking for invaluable sector and market commentary? Then this is the place for you. From downside protection to the upside of ESG, we bring you in depth conversations and the latest ideas from our analysts and portfolio managers to explore the best investment thinking. 

Fidelity Answers is an investor's podcast channel from Fidelity International. Looking for invaluable sector and market commentary? Then this is the place for you. From downside protection to the upside of ESG, we bring you in depth conversations and the latest ideas from our analysts and portfolio managers to explore the best investment thinking.

The Investor’s Guide to China: Decarbonising China (#21)

When it comes to decarbonising the world - the scale of the challenge can feel overwhelming.

It’s going to need astronomical levels of capital, a reconfiguration of markets, and radical regulation. And it needs to happen fast. If you’re an investor trying to align portfolios with climate pathways as well as capture all of the opportunities that are out there related to the energy transition - it's a lot to think about.

In this edition of Fidelity Answers, Katie Constance, Head of Sustainability for European distribution, is joined by Gabriel Wilson-Otto, Head of Sustainable Investing Strategy, and Portfolio Managers Kris Atkinson and James Richards to discuss the practical steps investors can take, where the risks lie, and importantly where to look for those opportunities.

With additional contributions from Adrian Benedict and Nina Flitman.

You can read our practitioners guide in full here, or on your local Fidelity website.

When it comes to decarbonising the world - the scale of the challenge can feel overwhelming.
It’s going to need astronomical levels of capital, a reconfiguration of markets, and radical regulation. And it needs to happen fast. If you’re an investor trying to align portfolios with climate pathways as well as capture all of the opportunities that are out there related to the energy transition - it's a lot to think about.
In this edition of Fidelity Answers, Katie Constance, Head of Sustainability for European distribution, is joined by Gabriel Wilson-Otto, Head of Sustainable Investing Strategy, and Portfolio Managers Kris Atkinson and James Richards to discuss the practical steps investors can take, where the risks lie, and importantly where to look for those opportunities.
With additional contributions from Adrian Benedict and Nina Flitman.
You can read our practitioners guide in full <a href="https://www.fidelityinternational.com/editorial/fidelity-answers/a-practitioners-guide-to-investing-in-the-energy-transition-en5/">here</a>, or on your local Fidelity website.

Fidelity Answers: How to invest in the energy transition

China has come out with a string of policies that are targeted to reinvigorate economic growth. Some of the policies are adding leverage to the government’s balance sheet. A question that investors are asking is: how much more will China realistically spend to stimulate the economy?

So far, these policies have focused on shoring up demand - unlike after the financial crisis, when China spent trillions of renminbi to expand supply. That is an importance difference because it implies policymakers remain disciplined in the way they choose to manage debt.

Marty Dropkin, Head of Equities, Asia Pacific, asks Fidelity International’s Director of Research for Fixed Income, Asia Pacific, Bich Nguyen, and Fixed Income Portfolio Manager, Tae Ho Ryu, about how investors should approach the issue.

With an additional contribution from Portfolio Manager Olivia He.

This episode was recorded on September 12th, 2024, before the most recent policy measures were announced.

READ

Read a summary of this episode here.

Read our analysis on how China keeps its debt in order here.

For a more in-depth take on China’s bond market, listen to the previous podcast episode on the renminbi here.

China has come out with a string of policies that are targeted to reinvigorate economic growth. Some of the policies are adding leverage to the government’s balance sheet. A question that investors are asking is: how much more will China realistically spend to stimulate the economy?
So far, these policies have focused on shoring up demand - unlike after the financial crisis, when China spent trillions of renminbi to expand supply. That is an importance difference because it implies policymakers remain disciplined in the way they choose to manage debt.
Marty Dropkin, Head of Equities, Asia Pacific, asks Fidelity International’s Director of Research for Fixed Income, Asia Pacific, Bich Nguyen, and Fixed Income Portfolio Manager, Tae Ho Ryu, about how investors should approach the issue.
With an additional contribution from Portfolio Manager Olivia He.
This episode was recorded on September 12th, 2024, before the most recent policy measures were announced.
READ
Read a summary of this episode <a href="https://www.fidelityinternational.com/editorial/podcast/the-investors-guide-to-china-podcast-dealing-with-chinas-debt-3e56b4-en5/">here</a>.   Read our analysis on how China keeps its debt in order <a href="https://www.fidelityinternational.com/editorial/article/how-china-keeps-its-debt-in-order-e1feea-en5/">here</a>.   For a more in-depth take on China’s bond market, <a href="https://www.fidelityinternational.com/editorial/podcast/the-investors-guide-to-china-podcast-chinas-bond-market-08b592-en5/">listen to the previous podcast episode on the renminbi here</a>.

The Investor’s Guide to China: Dealing with China's debt (#33)

In this bonus episode, we're hearing about three investment ideas that are exciting Fidelity’s Asia portfolio managers and how they play into the megatrends of artificial intelligence, the energy transition, and shifting supply chains.

Marty Dropkin, Head of Equities, Asia Pacific, is joined by Monica Li, Fidelity International’s Director of Research for China. With additional contributions from three of the company’s portfolio managers who have recently returned from a research trip in China: Dale Nicholls, Taosha Wang, and Madeleine Kuang. 

READ

To read more on the three megatrends discussed in this podcast, please visit fidelityinternational.com

Marty and Monica also discussed the Third Plenum - an important economic policy meeting that took place recently. For our analysis on that, read this article here.

For a more in-depth take on China’s currency and interest rates, listen to the previous podcast episode on the renminbi here.

In this bonus episode, we're hearing about three investment ideas that are exciting Fidelity’s Asia portfolio managers and how they play into the megatrends of artificial intelligence, the energy transition, and shifting supply chains.
Marty Dropkin, Head of Equities, Asia Pacific, is joined by Monica Li, Fidelity International’s Director of Research for China. With additional contributions from three of the company’s portfolio managers who have recently returned from a research trip in China: Dale Nicholls, Taosha Wang, and Madeleine Kuang. 
READ
To read more on the three megatrends discussed in this podcast, please visit <a href="http://www.fidelityinternational.com">fidelityinternational.com</a>
Marty and Monica also discussed the Third Plenum - an important economic policy meeting that took place recently. For our analysis on that, <a href="https://www.fidelityinternational.com/editorial/article/devil-will-be-in-the-details-after-chinese-plenum-18111a-en5/">read this article here</a>.
For a more in-depth take on China’s currency and interest rates, <a href="https://www.fidelityinternational.com/editorial/podcast/the-investors-guide-to-china-podcast-the-renminbi-effect-ba31b5-en5/">listen to the previous podcast episode on the renminbi here.</a>

The Investor’s Guide to China: Decarbonising China (#21)

The Investor's Guide to China

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