Key View

• We have revised our growth outlook for Mainland China’s construction industry and now forecast that the sector will expand in real terms by 1.8% y-o-y in 2022, down from 5.2% previously forecast. In 2022-23, we expect negative and low growth in the residential and non-residential building sector to act as a drag on overall

Key View

• We at Fitch Solutions anticipate that the 20th National Congress of the Communist Party of China on October 16 will see Xi Jinping receive a third five-year term as Mainland China’s top political leader, portending a continuation of his key policies.
• In practice, this will mean pressing ahead with and possibly accelerating policies

The Latest: The heatwave and drought conditions in the southern regions of mainland China pose a substantial downside risk to Chinese rice production. At present, the crop is in a key period of formation and development, when final yields are highly sensitive to weather conditions and the availability of water; as such, the next 10-14 will be

Key View

• Mainland China continues to see high usage of mobile services like e-commerce. Key drivers of this trend include strong internet connectivity, high smartphone penetration rates, rising usage of 5G and the Covid-19 pandemic.
• The e-commerce market, however, is saturated and highly competitive, pushing some players like Eachnet out of

Key View: Mainland China is slowly easing restrictions domestically with the progressive reopening of urban areas like Shanghai and Beijing. While this is expected to give the Chinese retail economy a much-needed recovery boost, we continue to believe that Chinese consumers will keep their spending focus on essential categories over discretionary

Key View: As Chinese consumers retain their spending focus on essential products during the latest wave of restrictions, we believe that food and beverage spending, particularly coffee spending, will post good growth over both the short and the medium term (2022-2026). Various companies, both domestic players and international companies, are

Key View

• We have recently revised up our hydro-electric pumped storage generation and capacity forecasts for Mainland China, following positive developments in the sector.
• Our forecast for hydro-electric pumped storage capacity still remains below the government’s targets, as these developments in the sector will remain insufficient to meet

Key View

• We highlight upside risks to our near-term construction growth forecasts in China, following a renewed push for infrastructure by the Chinese government, though any upward revision to our forecast remains contingent on higher-than-expected growth in high-frequency indicators.
• While we expect increased investments to feed into an

Key View:

• We expect China's corn output growth to ease to 1.3% y-o-y in 2022/23, with short-term production risks accumulating on the downside.
• Stronger corn production growth of 4.60% y-o-y in China in 2021/22, consistent with the Fitch Solutions forecast of 4.56%, was driven by an expansion in harvested area of over 2mn hectares.
• On the