APAC CreditCast

AI and digitalisation are driving rapid data-centre investment across APAC. In this first episode of APAC CreditCast, we discuss demand, power and grid constraints, project execution, financing, and the key credit risks shaping the sector.(00:00) - Introduction: APAC’s Data-Centre Growth Story (01:15) - Demand Outlook: AI, Cloud and Digitalisation (03:06) - Where Growth Is Concentrating Across APAC (04:33) - From Pipeline to Delivery: What Determines Viability? (06:17) - Credit Analysis: Cash Flows, Sponsors and Protections (08:13) - Key Risks and Early Warning Indicators (09:50) - Financing Trends and New Deal Structures (10:28) - Conclusion: Deliverability Is the Key Differentiator

Jeremy Zook and Ying Wang discuss China's 'new productive forces' strategy, focusing on EVs, AI, and robotics. They assess whether industrial upgrading can offset structural economic headwinds and support long-term growth.(00:00) - Introduction and overview of China’s “new productive forces” (00:47) - What are “new productive forces” and why do they matter? (03:28) - Can industrial upgrading sustain China’s long-term growth? (07:03) - EVs as a case study in China’s industrial transformation (10:35) - AI, robotics and the next wave of industrial upgrading (14:38) - Key indicators to watch for success (17:19) - Closing remarks and new podcast announcement

Sabrin Chowdhury from BMI speaks on China’s dominance in global rare earths and implications on geopolitics and prices.(00:00) - Introduction of Sabrin and her rare earths coverage (01:27) - Why China dominates global rare earths supply chain (03:31) - China’s dependence on Myanmar for heavy rare earth feedstock (05:17) - Western economies’ supply chain diversification strategies (09:00) - Potential credible alternatives to China (10:09) - Obstacles to Western countries’ diversification push (11:20) - China’s tightened grip and impact on prices (13:05) - Indicators to watch on evolving trends

This episode explores China’s economic linkages with Latin America (LatAm), with Fitch Ratings’ Todd Martinez and Janice Chong, and the implications of the resurgence of the US “Monroe Doctrine” on these economic ties and for Chinese corporates.(00:00) - Introduction (01:44) - Overview of China’s Economic Ties with LatAm (05:34) - Outlook for the LatAm-China Trade Relationship (09:05) - LatAm’s Response to Surging Chinese Imports (12:53) - Risks to Chinese Corporates from Tariffs (13:52) - Chinese FDI into LatAm (16:55) - Key FDI Sectors for Chinese Firms in LatAm (18:42) - Geopolitical Risks to Chinese Firms’ LatAm Investments (20:10) - Opportunities and Risks for LatAm from US-China Competition (23:37) - Conclusion

 A fireside chat on Fitch’s 2026 credit outlook for China’s sovereign, corporate, local government and banking sectors with Jeremy Zook, Ying Wang, Samuel Kwok and Grace Wu.(01:05) - Macro outlook (06:05) - Deteriorating China property outlook (06:58) - Neutral China LGFV outlook (09:52) - China banks’ strategy amid deteriorating outlook (11:32) - Anti-involution campaign (13:41) - Local governments’ spending (16:20) - China banks’ asset quality (18:13) - China’s sovereign rating headroom