Link Securities| Credit rating agency Fitch said, after maintaining its “A+” rating on China and lowering the outlook to “negative” from “stable”, that its review reflects the growing risks to China’s public finance outlook, as the Asian country faces greater uncertainty in its economic outlook, in an environment of transition from property-dependent growth to what the Chinese government envisions as a more sustainable growth model. In addition, Fitch noted that…

Alicia García Herrero (Natixis) | China is taking a big slice of the cake from its prominent supply role as the world accelerates green transition. This is a rare spotlight of the Chinese economy given the pressure ranging from real estate sales to consumer confidence. China’s production of electric vehicles (EVs), batteries and solar panels, also known as the “New Three” sectors, have experienced fast growth in investment and exports….

Alicia García Herrero (Natixis) | This year, China’s “Two Sessions” have been particularly important to understand where the Chinese economy is heading as it marked the beginning of a new era, that of Premier Li Qiang. Li Qiang’s first “Work Report” signifies a departure from the previous decade under Premier Li Keqiang’s leadership as Premier, where much more emphasis is put on supply than on demand forces. The focus on…