Anthony Bolton, the Fidelity International veteran portfolio manager, was so impressed by China’s growth prospects that he exited a short-lived retirement last November to set up a new fund to invest in the country. In the first of a weekly series of Q&A’s to appear every Wednesday on Financial News, Bolton spoke about the risks and rewards of investing in China.

Financial News: Some market commentators have expressed concern about the inflationary outlook in China. What's your view?