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© Alamy The three investment trusts specialising in China were among the 20 best-performing trusts in the whole market last year. And if you believe the managers, there is much more to go for. JPM China Growth & Income Trust (LSE: JCGI) returned 96%, Fidelity China Special Situations (LSE: FCSS) 69% and Baillie Gifford China Growth (LSE: BGCG) 56%, although it only switched to Baillie Gifford in September, having previously been called Witan Pacific. FCSS shares trade at net asset value (NAV), but the other two at a premium. Roddy Snell, co-manager of BGCG, points out that “China accounts for 19% of global GDP at purchasing power parity, 18% of global market capitalisation and 31% of the world’s listed stocks, but only 5.5% of the MSCI All Countries World index. The allocation of most global funds is just 2.5%”. Catherine Yeung of Fidelity International draws attention to the Middle Kingdom’s strong economic fundamentals, such as “a 37% savings ratio, 2.3% growth

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