Deep Dive: China 2021 | Moody's Investors Service, Inc. | 16 November 2021 | Online

As one of the first economies to recover from the COVID pandemic, China has been normalizing policy settings ahead of many other sovereigns and shifting its policy focus to reducing leverage. Challenges to managing this deleveraging are emerging. At the same time, high-profile policy themes such as “Common Prosperity” and “Dual Circulation” are setting the direction for China’s development in the medium term. Carbon transition policies are starting to have a credit impact.

What challenges will the government face in executing its derisking and deleveraging strategy?
What are the credit implications of the Common Prosperity initiative and other regulatory developments in China?
How will US-China relations affect China’s credit conditions?

As one of the first economies to recover from the epidemic, China has gradually transitioned to a normal policy environment before many other sovereign countries, and adjusted its policy focus to deleveraging. The aforementioned deleveraging management is facing challenges. At the same time, high-profile policy themes such as "common prosperity" and "dual cycles" are pointing the way for China's medium-term development. The carbon transition policy has begun to have a credit impact.
Topics:
• What challenges will the Chinese government face when implementing its risk reduction and deleveraging strategy?
• What are the credit implications of the Common Wealth Initiative and other regulatory developments in China?
• How will China-US relations affect China's credit environment?

2021 Speakers

Martin Petch
Vice President – Senior Credit Officer, Sovereign Risk Group, Moody's Investors Service

Jack Yuan
Vice President – Senior Analyst, Sovereign Risk Group, Moody's Investors Service

Lillian Li
Vice President - Senior Credit Officer, Credit Strategy & Standards Group, Moody's Investors Service