China Perspectives

China-ASEAN Trade Flows Amid Global Trade Policy Uncertainty

Chris Clague, an Associate Fellow at the IISS and an independent advisor on trade and supply chains, discusses recent trends in China-ASEAN trade and investment flows, and how they may be affected by US President Trump’s tariff policies.(00:00) - Introduction (02:04) - Overview of China/ASEAN trade and investment (06:26) - Transshipments (09:57) - Transshipment tariffs effect on China’s investment (12:54) - China+1 strategy (14:58) - Top destinations and sectors for Chinese investment (17:35) - China’s role in global supply chains (20:37) - How will ASEAN manage a surge in imports from China? (24:13) - Conclusion

Regulatory Reforms of China AMCs

Katie Chen, Senior Director at Fitch Ratings, and Franco Lam , Director, share their insights on the recent regulatory reforms in China’s AMC sector.(00:48) - Recent regulatory reform and impact (03:49) - Opportunities and challenges for AMCs (07:01) - What investors should watch out for (09:30) - Improvement in China AMCs’ capital buffer (11:32) - China AMCs’ ownership changes (13:54) - Rating actions on China AMCs

Key Credit Themes in China’s Power Generation Sector

This episode explores key changes and credit trends in China’s power sector, including renewables growth and market reforms. Insights from Penny Chen, Senior Director, Fitch Ratings, reveal what lies ahead for major power generators.(00:00) - Introduction (00:45) - Key Changes in China’s Power Sector (03:17) - Key Credit Themes for Power Generators (06:16) - Credit Outlook on China’s Power Sector (08:45) - China’s Modern Power System (11:11) - Conclusion

Managing Risks from LGFVs and Local Government Debt Outlook

Harry Hu, Senior Director at Fitch Ratings, discusses China's recent efforts to manage LGFV risks, including LGFV reclassification and debt substitution plans, along with local government debt trends.(00:00) - Introduction (01:30) - LGFV Debt Control Measures (03:07) - LGFV Reclassification (04:59) - LGFV Debt Substitution Plan (06:55) - Outlook for Special Purpose Bonds (09:34) - Local Government Interest Burdens (11:14) - Conclusion

Impact of US Tariffs on China's Commodity Sectors

Laura Zhai, Senior Director at Fitch Ratings, discusses the impact of US tariff hikes on China's commodity sectors.(00:00) - Introduction (00:41) - Impact on aluminum and copper (04:43) - Impact on steel (07:33) - Impact on chemicals (10:28) - China’s energy import cost