China Matters' Feature: China's Achievements in Comprehensively Deepening Reform

BY PR Newswire | ECONOMIC | 09/19/24 09:06 AM EDT

BEIJING, Sept. 19, 2024 /PRNewswire/ -- By deepening reform comprehensively and expanding the level of opening-up,?China has achieved historic transformations in many areas, contributing wisdom and strength to building a better future for humanity.?

From 2013 to 2023, the Chinese economy achieved an average annual growth rate of 6.1%, with an average annual contribution of over 30% to global economic growth. The added value of high-tech manufacturing industries above designated size grew at an average annual rate of 10.3%, with high-tech industries such as next-generation information technology, high-end equipment, and aerospace continuing to develop and expand.?As noted by renowned American China expert Robert Kuhn, "Chinese modernization is driven by high-quality development, and the high-quality development is driven by new quality productive forces."

At the same time, China continues to advance high-level opening-up. The animation series Xi's Thought Made Easy?produced by China Matters focuses on China's achievements in comprehensively deepening reform. China will continue to provide significant support for global growth and offer more opportunities for common development and prosperity among countries worldwide.

YouTube: https://youtu.be/qNNDyogjAus

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/china-matters-feature-chinas-achievements-in-comprehensively-deepening-reform-302253201.html

SOURCE China Matters

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article