China Perspectives

Fitch Ratings

China Perspectives series is a monthly discussion on the latest credit market and economic developments from China with experts from both within and outside of Fitch Ratings.

  1. China 2026 Credit Outlook

    1D AGO

    China 2026 Credit Outlook

    A fireside chat on Fitch’s 2026 credit outlook for China’s sovereign, corporate, local government and banking sectors with Jeremy Zook, Ying Wang, Samuel Kwok and Grace Wu.(01:05) - Macro outlook (06:05) - Deteriorating China property outlook (06:58) - Neutral China LGFV outlook (09:52) - China banks’ strategy amid deteriorating outlook (11:32) - Anti-involution campaign (13:41) - Local governments’ spending (16:20) - China banks’ asset quality (18:13) - China’s sovereign rating headroom

    21 min
  2. An Update on China’s LGFV Debt Substitution Programme

    12/18/2025

    An Update on China’s LGFV Debt Substitution Programme

    Davis Sun, Senior Director at Fitch Ratings, provides a progress report on China’s debt substitution plan and its impact on local government vehicles (LGFVs) and finances, as well as an outlook for 2026 and beyond.(00:23) - Introduction (01:50) - Recent LGFV Sector Developments (05:40) - Progress of the Debt Substitution Programme (09:45) - LGFV Financial Health Amid Debt Substitution (13:17) - Fiscal Impact of Debt Substitution on Local Governments (16:00) - Lingering LGFV Debt Risks (20:34) - Local Government Infrastructure Spending (22:53) - 2026 Local Government Fiscal Outlook (25:08) - Conclusion

    26 min
  3. Price Wars in China’s Food Delivery and Instant Retail

    11/19/2025

    Price Wars in China’s Food Delivery and Instant Retail

    Fitch analysts discuss intensifying competition between Meituan and Alibaba in China’s food delivery and instant retail business. (00:22) - Introduction to instant retail in China (01:19) - Competitive landscape and on-going price war (02:54) - Meituan's strategy to defend market leadership (05:18) - Alibaba's challenges and opportunities (07:02) - Meituan's rating outlook change (09:38) - Alibaba's profitability and free cash flow (11:00) - How the price war could end

    15 min
  4. China-ASEAN Trade Flows Amid Global Trade Policy Uncertainty

    09/17/2025

    China-ASEAN Trade Flows Amid Global Trade Policy Uncertainty

    Chris Clague, an Associate Fellow at the IISS and an independent advisor on trade and supply chains, discusses recent trends in China-ASEAN trade and investment flows, and how they may be affected by US President Trump’s tariff policies. (00:00) - Introduction (02:04) - Overview of China/ASEAN trade and investment (06:26) - Transshipments (09:57) - Transshipment tariffs effect on China’s investment (12:54) - China+1 strategy (14:58) - Top destinations and sectors for Chinese investment (17:35) - China’s role in global supply chains (20:37) - How will ASEAN manage a surge in imports from China? (24:13) - Conclusion

    25 min
  5. Regulatory Reforms of China AMCs

    07/30/2025

    Regulatory Reforms of China AMCs

    Katie Chen, Senior Director at Fitch Ratings, and Franco Lam , Director, share their insights on the recent regulatory reforms in China’s AMC sector. (00:48) - Recent regulatory reform and impact (03:49) - Opportunities and challenges for AMCs (07:01) - What investors should watch out for (09:30) - Improvement in China AMCs’ capital buffer (11:32) - China AMCs’ ownership changes (13:54) - Rating actions on China AMCs

    18 min
  6. Key Credit Themes in China’s Power Generation Sector

    06/24/2025

    Key Credit Themes in China’s Power Generation Sector

    This episode explores key changes and credit trends in China’s power sector, including renewables growth and market reforms. Insights from Penny Chen, Senior Director, Fitch Ratings, reveal what lies ahead for major power generators. (00:00) - Introduction (00:45) - Key Changes in China’s Power Sector (03:17) - Key Credit Themes for Power Generators (06:16) - Credit Outlook on China’s Power Sector (08:45) - China’s Modern Power System (11:11) - Conclusion

    12 min
  7. Managing Risks from LGFVs and Local Government Debt Outlook

    05/08/2025

    Managing Risks from LGFVs and Local Government Debt Outlook

    Harry Hu, Senior Director at Fitch Ratings, discusses China's recent efforts to manage LGFV risks, including LGFV reclassification and debt substitution plans, along with local government debt trends. (00:00) - Introduction (01:30) - LGFV Debt Control Measures (03:07) - LGFV Reclassification (04:59) - LGFV Debt Substitution Plan (06:55) - Outlook for Special Purpose Bonds (09:34) - Local Government Interest Burdens (11:14) - Conclusion

    12 min
  8. Impact of US Tariffs on China's Commodity Sectors

    04/03/2025

    Impact of US Tariffs on China's Commodity Sectors

    Laura Zhai, Senior Director at Fitch Ratings, discusses the impact of US tariff hikes on China's commodity sectors. (00:00) - Introduction (00:41) - Impact on aluminum and copper (04:43) - Impact on steel (07:33) - Impact on chemicals (10:28) - China’s energy import cost

    13 min
See All (48)

Trailers

Ratings & Reviews

5
out of 5
3 Ratings

About

China Perspectives series is a monthly discussion on the latest credit market and economic developments from China with experts from both within and outside of Fitch Ratings.

Information

  • Creator
    Fitch Ratings
  • Years Active
    2021 - 2026
  • Episodes
    48
  • Rating
    Clean
  • Copyright
    © 2021 FitchGroup,Inc.

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