China Autos Q1 2021
Key View:
Fitch Solutions believes that while there will be a significant number of HNWIs - net worth greater than USD1mn -outflows from China, the country's economic performance will generate more HNWIs than we believe it will lose over the next fiveyears. Our Operational Risk team highlighted that the impact of the wealth flight out of China will be low, and due to the robustperformance of the Chinese economy amid the Covid-19 pandemic and the more stable nature of the luxury vehicle market, weexpect luxury vehicle sales in China to expand robustly over 2020-2024.
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