Key View

• In July 2021, Nestle launched two new food products targeting the elderlies in China – a milk powder containing glucosamine, and a protein powder enhanced with probiotics after receiving approval from China's State Administration for Market Regulation, the authorities governing the health food registration and filing.
• We believe that

Key View

• We at Fitch Solutions maintain our 2021 real GDP growth forecast of 8.5%, following the release of Q221 growth data that showed the economy expanded by 7.9% y-o-y in Q221.
• We still expect a gradual strengthening of domestic demand over the coming months, particularly with a tightening labour market which will boost private

Key View

• We at Fitch Solutions forecast China’s current account surplus to come in at 2.3% of GDP in 2021, representing a slight narrowing from 2.5% in Q121 but wider than 2.0% of GDP in 2020.
• We expect the current account to remain supported by strong exports growth over the coming months, amid by a global recovery especially in the US

Key View

• We at Fitch Solutions maintain our view that China’s fiscal situation will come under heavy pressure from mounting demographic challenges over the coming years.
• Further support for our view has come in the form of the 2020 census results released on May 11 after a month-long delay, showing sharply declining fertility rates and a

Key View

• Far-reaching healthcare reforms continue to improve access to and demand for medical services in China, boosting sales of innovative medicines.
• Market growth will remain on a low-growth trajectory due to restrictions in healthcare funds, as a result of ongoing economic weakness.
• Opportunities remain primarily within the generic and