"Prospective Economic Titles Show Promising Opportunities"

China's economy is on an upward trajectory, with the government's five-year plan and development plan 2021 to 2035 driving the country towards technological independence. The Chinese New Economy, based on consumption, technological innovations, health, and the green revolution, is expected to offer investment opportunities for the next 10 to 15 years.

The Carmignac Portfolio China New Economy fund, which has been investing in China for over 30 years, is capitalising on this growth. The fund's investment strategy focuses on stock selection, aiming to choose promising prospects in China.

The fund's focus lies in specific sectors such as internet services (e-commerce, home services), consumer goods, fintech (payments and cloud), 5G, clean energy development, education, healthcare, and biotechnology. These sectors are expected to drive China's economic growth, with innovations like 5G, biotechnology, robotics, and online payments playing a crucial role.

The fund's stock selection process is rigorous, taking into account both financial criteria and ESG factors. Most of the companies in which the fund has already invested are high ESG-rated START companies, aligning with Carmignac's convictions to strive for a pioneering role in ESG investments.

China's economy is currently contributing more than 40% to global economic growth, and the country's GDP could double by 2035, making it the world's largest economy. Chinese President Xi Jinping enjoys very high popularity, indicating potential political stability in the long term.

Long-term reforms regarding healthcare, pensions, and consumption in China have a positive impact on economic growth. However, the relationship with the new US administration will need to be monitored.

The Chinese stock market currently boasts an attractively valued market capitalization of over 194 trillion USD. To find the best investment opportunities, it is essential for the fund to be on the ground, visiting companies, meeting their management, and analyzing competitors and partners.

In the long run, China's economy is expected to grow by almost 8.5% in 2021, with consumption catching up. The Chinese New Economy presents a promising landscape for investors seeking growth opportunities over the next decade.