Manulife Dragon Growth Fund
Aims to capture the best of China’s economic transition
China is leading the world’s GDP growth
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Beneficiary of gradual reopening and rising online consumption
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Mainland China as the powerhouse for EV supply chain
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Long runway for renewable energy
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China's economy expanded 8.1% in 2021. While 2022 growth is expected to normalise to 3.2%, growth in 2023 should accelerate and buckle the downward trend of major economies, according to IMF's forecast.
Monetary Fund. E refers to Estimated. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations, and is only as current as of the date indicated. There is no assurance that such events will occur, and may be significantly different than that shown here.
Monetary Fund. E refers to Estimated. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations, and is only as current as of the date indicated. There is no assurance that such events will occur, and may be significantly different than that shown here.
Online travel agencies (OTAs) have captured majority of travel user traffic in Mainland China, should benefit from gradual reopening and rising online penetration, which is just above 30% compared to 40-50% in the US and Europe, suggesting higher growth rate of OTAs will continue.
Source: Morgan Stanley estimates, as of November 1, 2022. GMV stands for Gross Merchandise Volume. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.
The EV (electric vehicles) and smart car value chain provide investors with rich opportunities, thanks to the robust domestic demand in Mainland China and local industry’s increasing presence in the global EV supply chain.
Source: Morgan Stanley, as of January 3, 2022. Past performance is not indicative of future performance. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.
Source: Morgan Stanley, as of January 3, 2022. Past performance is not indicative of future performance. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.
Mainland China aims for CO2 emissions peak by 2030 and carbon neutrality by 2060, the time between China’s carbon peak and neutrality is only 30 years. To meet this goal, the share of non-fossil fuels in primary energy consumption is expected to rise to around 20% by 2025, more than 80% by 2060, according to government’s targets.
Source: National Energy Administration, as of March 30, 2022. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.
Source: National Energy Administration, as of March 30, 2022. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no assurance that such events will occur, and the future course may be significantly different from that shown here.
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