APAC sovereigns vulnerable if China sees further Covid-19 outbreaks: Fitch

July 28, 2022 (MLN): Fitch ratings in its latest report said that additional pandemic-related disruption in China, could affect the creditworthiness of other sovereigns and territories in APAC through channels such as trade, tourism and financing. The rating agency assumes China's "dynamic zero-Covid" policy will remain in place well into 2023. Mass testing and localised controls should prevent the re-imposition of economically disruptive lockdowns in 2H22. However, if there is an additional pandemic-related disruption in China, it could affect the creditworthiness of other sovereigns and territories in APAC through channels such as trade, tourism and financing, the report said. China…