Key View

• The boost provided to Mainland Chinese consumption by the rapid loosening of anti-Covid policies will have a significant effect on the global economy.
• We expect that increased consumer spending and outbound travel will benefit many EMs, particularly in Asia, Africa and Latin America.
• A rise in Chinese demand for energy, however, may

Key View

• At Fitch Solutions, we forecast that real GDP growth will accelerate by 37.5% in 2023 in Macao, China, up from an estimated decline of 25.0% in 2022.
• The improved growth outlook will be mainly driven by a partial recovery of the gaming sector as Covid-19 restrictions are eased, which will also feed through into a brighter outlook for

Key View

• We expect the pipeline of coal projects within the Belt and Road Initiative to decline following Mainland China’s announcements to stop funding overseas coal projects.
• Our data demonstrate that 32 projects within planning stage face direct risk of cancellation by China.
• Zimbabwe and Vietnam’s power sectors are the most exposed to

Key View

• Mainland China's BRI continues to play a pivotal role in the autos industry by facilitating collaboration and investment opportunities among autos-related stakeholders and markets participating in the BRI.
• We find that there has been an increase in autos-related investments due to the creation of new BRI partnerships (Indonesia

Key View

• Policymakers in Mainland China announced two measures over the past few days: the easing of select Covid-19 restrictions and a 16-point plan to support the real estate sector.
• These announcements will lend further support to the economy, which we expect will grow by 3.6% in 2022, before accelerating to 5.0% in 2023.
• This reinforces

Key View

• The Covid-19 pandemic will provide fresh impetus for Mainland China to increase its focus on African countries.
• Chinese investment and the role of Chinese firms will grow in Africa’s healthcare and pharmaceutical sectors over the coming years.
• Beijing’s vaccine diplomacy in Africa will be viewed as a continuation of its efforts to

Key View

• Our Country Risk team expects to see a broad continuation of domestic policies in China, after President Xi Jinping secured a precedent-breaking third term as the general secretary of the CPC at the 20th CPC Congress.
• Over the short term (2022-2023), this outcome will impact the consumer and retail sector through a continuation of

Key View

• President Xi Jingping's discourse in the 20th CPC Congress suggests technology investment will be a key pillar of his third mandate, with a focus on research and development.
• The president’s ambitions fall in contrast to the latest export restrictions to China enacted by the Biden Administration, which under Fitch Solutions’ view

Key View

• On October 16 2022, the Communist Party of China (CPC) commenced their 20th national congress, with our Political Risk team expecting President Xi Jinping to receive a third five-year term as China’s top political leader.
• During the congress’ opening speech, President Xi announced that China will continue to use coal for its power

Key View

• On October 16 2022, the Communist Party of China (CPC) commenced their 20th National Congress, with our Political Risk team expecting President Xi Jinping to receive a third five-year term as Mainland China’s top political leader.
• In line with our core views, President Xi announced that greater emphasis will be placed on advancing