Wei Yu, Director of Fitch Ratings, discusses key credit trends of China’s coal mining industry. (00:00) - Introduction (00:34) - View on coal prices (02:00) - Debt reduction (03:21) - Financial burden and structural challenges (06:10) - Financing conditions (07:23) - Energy transition risks ..read more

Dr. Deborah Elms, Head of Trade Policy at the Hinrich Foundation, discusses China-ASEAN trade ties focusing on key policy issues, supply chain diversification trends, and the outlook for the trade relationship amid rising geopolitical risks. (00:00) - Introduction (04:43) - China-ASEAN Trade Trends (07:02) - Impact of RCEP (09:34) - Trade Policy Outlook (13:50) - China’s View of ASEAN Trade Relationship (16:26) - China’s Bilateral Surplus with ASEAN (19:43) - Shifting Supply Chains and Navigating US-China Trade Tensions (24:17) - How is China Protecting its ASEAN Trade Relationship from US-Ch ..read more

Katie Chen, Senior Director of Fitch Ratings, discusses key credit trends of China’s Big Four national asset management companies.   (00:00) - Introduction (01:30) - National AMCs' evolving risks (04:35) - 2024 sector credit outlook (06:49) - Government support stance (10:08) - Differentiation in government export (11:37) - National AMCs' policy role (14:06) - Change of ownership (16:44) - Rating action plan ..read more

Jeremy Zook and Ying Wang, co-hosts of China Perspectives podcast, hold a fireside chat about China’s 2024 credit outlook.  (00:00) - Introduction (00:45) - 2024 macro view (02:53) - Property sector outlook (04:29) - Policy response (07:17) - Infrastructure investment growth (08:41) - Sovereign rating pressure (11:10) - LGFV sector outlook (13:31) - Corporate sector outlook (16:21) - Banking sector outlook (19:11) - Key things to watch out for ..read more

Tyran Kam, Senior Director and Head of Fitch’s China Property team based in Hong Kong, shares outlook on the Chinese property market.  (00:00) - Introduction (00:47) - Current market state (04:04) - Comparison of China’s and Japan’s property markets (08:24) - Further policy move (09:26) - Who are the surviving developers (12:15) - Private developers’ financing access (13:50) - Defaulted developers’ debt restructuring ..read more

Jingwei Jia, Associate Director at Sustainable Fitch, discusses the latest developments in China’s rapidly evolving onshore green bond market and the impact of the EU’s Carbon Border Adjustment Mechanism on China’s national carbon market. (00:00) - Introduction (01:42) - Overview of Sustainable Fitch (02:53) - Developments in China’s Green Bond Market (07:33) - Green Bond Market Performance and the “Greenium” (09:26) - Key Investor Concerns for Green Bonds (12:54) - China’s Carbon Market after the EU Carbon Border Adjustment Mechanism (17:07) - Other Domestic Carbon Market Developments (20:27 ..read more

Jeremy Zook, Fitch Ratings’ lead sovereign analyst for China, is joining China Perspectives as a co-host. Prior to this role, he was the lead analyst for several countries in APAC. Jeremy’s first show is coming up soon. Stay tuned ..read more

Charles Zhang, Director of Fitch’s China industrial corporates team, shares his insights on the risks and opportunities for Chinese construction companies amid the country’s economic slowdown, including structural challenges and transition plans. (00:00) - Introduction (01:05) - Credit outlook on China’s construction sector (06:21) - Growth opportunities from infrastructure projects (09:39) - Construction companies’ transition strategy (13:00) - Long-term structural challenges (18:34) - Overseas opportunities (23:35) - Closing ..read more

Jing Yang, Director of Fitch’s China Research Initiatives based in Shanghai, shares insight on China’s booming electric vehicles industry and Chinese automakers’ overseas diversification trends.   (00:00) - Introduction (01:18) - Growth drivers of China’s EV Market (05:45) - EV price wars (07:59) - Chinese EV brands’ competitive edge (09:53) - Can foreign and JV brands catch up? (11:02) - Evolving competitive landscape (14:00) - China’s EV exports (16:10) - Risks of Chinese automakers’ overseas strategy ..read more

How will China’s 14th Five-Year Plan impact its medium-term growth prospects? Will the Chinese yuan soon challenge the US dollar as one of the world’s leading global currencies?  These are among the topics we will discuss on “China Perspectives,” a new Fitch Ratings podcast hosted by the firm’s lead sovereign analyst for China, Andrew Fennell. China Perspectives will feature candid discussions on the economic and credit developments most impacting China with experts from both within and outside of Fitch Ratings. As the first international credit rating agency to set up an office in in Chi ..read more