Key View:

• With China’s Greater Bay Area (GBA) being a major focus region to support future economic growth, we expect opportunities in construction to be plentiful in the next decade.
• The plan to integrate cities within the region into a continuous megalopolis will necessitate further investment in transport infrastructure, which we believe

Key Views

• We forecast widening deficits in China's current account over the coming years, which will likely constrain policymakers as the economy becomes more reliant on foreign capital inflows while at the same time removing a key element of support for the yuan.
• China’s growing need to attract foreign capital will accelerate reforms to

Key View:

• BT will continue to pursue its strategy of rationalising overseas investment, suggesting that it will not invest significantly into growing its China business
• The issuance of licences to a foreign entity opens the scope for further telecoms market liberalisation in China, and warm Sino-British relations

BT has secured a nationwide

Key View:

• China’s gasoline exports are poised to surge over the coming quarters, driven by several factors including the issuance of fresh fuel export quotas for the SOEs, refining capacity additions and a continued slowdown in domestic demand, due to slumping petrol-car sales and tighter fuel efficiency measures. 
• In contrast to strong growth

Key View

• China is overhauling its healthcare system by asking eleven cities to combine drug procurement in order to receive the lowest prices from drugmakers.
• Significant price cuts have arisen from the new government procurement program.
• The plan has been opposed by both domestic and foreign pharmaceutical firms because of its impact on

Key View

• Our view at Fitch Solutions that China’s current account would narrow has been playing out, but we are revising down our current account balance forecast for 2018 and 2019 from 1.1% and 0.9% of GDP, respectively, to -0.1% and -0.3% of GDP, respectively, to reflect the more rapid narrowing amid stronger domestic demand and growing

Key View:

• In this article, we map out the impact on China’s individual sectors of the ongoing US-China trade confrontation and rising headwinds to the Chinese economy.
• We at Fitch Solutions identify the Chinese agribusiness, autos and medical devices sectors as being exposed to the biggest downside risks, with deteriorating macro and external

Key View:

• PetroChina’s upstream business will continue to benefit from oil’s projected continued recovery over subsequent quarters.
• A seasonal pick-up in gas demand would lend further support to earnings from its natural gas business over subsequent months.
• However, the outlook for PetroChina’s downstream business remains more cautious, as

Key View

• China’s imposition of a second round of tariffs on USD60bn worth of US imports in September 2018, including a broad range of medical devices, poses downside risks for US multinationals.
• In conjunction with the first round of tariffs, virtually all medical device imports from the US are now subject to an additional tariff, giving a

Key View

• Beijing’s change in tone in acknowledging a weakening economy following the 25-member Politburo’s meeting on October 31 strongly suggests further government support is likely for the economy.
• Looser monetary policy is likely, with an elevated probability of a cut to the 1-year benchmark lending rate. 
• From a fiscal perspective, we