"Moody's Outlook: Asia's Sovereign Credit at Risk as China's Growth Slows in 2024"
Moody's has a negative outlook for sovereign creditworthiness in Asia-Pacific in 2024 due to China's slowing economic growth, tight funding conditions, and geopolitical risks. China's GDP growth is expected to slow to 4% this year and next, down from an average of 6% between 2014 and 2023. Tight funding conditions and ongoing strategic tensions between China and the U.S. are also contributing to the negative outlook. However, opportunities may arise for countries diversifying supply chains away from China, potentially improving the region's outlook to stable.