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Fidelity International Remains Optimistic About Long-Term Opportunities in China Despite Near-Term Volatility
The atmosphere on Wall Street is less than stellar during Halloween. As most companies in the United States announced their third-quarter results, we saw rapid growth in corporate performance, but on earnings calls, many company executives were cautious about the future. For example, Elon Musk said that rising interest rates have suppressed demand for car purchases; toy manufacturer Mattel (the maker of Barbie dolls) is not optimistic about sales this Christmas; Snapchat also said that due to tensions in the Middle East, advertiser spending Down… Why the huge contrast between data and sentiment? Taking PepsiCo and Coca-Cola as examples, their growth since 2023 has come from price increases rather than…