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Growth Headwinds and Policy Shifts Weigh on Greater China Sector Outlooks
A number of sectors in greater China still face challenges from slowing growth and the government’s evolving policy response, says Fitch Ratings. Nonetheless, most rated sectors will face largely steady operational and business conditions, underpinned by the government’s supportive policy measures, and China’s demand growth will remain solid compared with that of most large global economies. Meanwhile, Taiwan should benefit from a recovery in the semiconductor sector, after a severe sector downturn in 2023. chart The scale, composition and effectiveness of policy support in mainland China – including the ... (full story)