China Perspectives Fitch Ratings

Henry Hao, Principal Economist at CRU, discusses structural shifts of China’s role in the global commodity market.

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

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-China Trade Tensions?

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

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

Flora Zhu, Director in Fitch’s Corporate Research team in Beijing discusses shifting FDI and trade patterns by Chinese corporates in the context of global supply chain diversification.
(00:00) - Introduction
(01:49) - Drivers of Outbound FDI
(03:48) - Key FDI Destinations
(06:04) - Sectors Driving Outbound FDI
(08:39) - Outlook for Outbound FDI
(10:29) - China’s Shifting Trade Patterns
(12:53) - Intermediate Goods Exports
(14:36) - Outlook for Chinese Firms’ Role in Global Supply Chains
(16:52) - Geopolitical Risks
(20:09) - Rating Implications for Chinese Corporates
(22:25) - Conclusion