According to the "Report", China Credit Insurance's internal assessment of national risk levels and sovereign credit risk levels in 2020, a total of 61 countries have high-risk levels, 93 have medium risk levels, and 38 countries have low-risk levels.
Around 32 countries have high sovereign credit risk levels, 83 countries are medium, 60 countries are low, and 17 countries have risk events.
Since the global pandemic, the world's geopolitical turmoil has intensified and global political stability has declined. The trend of globalization has undergone new changes. Plus, the fragility of industrial and supply chains under the pandemic has caused major developed countries in Europe and the United States to further promote the "return of manufacturing" and industrial chain adjustments.
At the same time, in the context of the world economic recession, intensified international trade frictions, and fierce industry competition, the risk of corporate bankruptcy has become prominent. Some retail, automotive, oil and gas industries have already experienced operating pressure in 2019, and the coronavirus has made many companies bankrupt.
Judging from risks in past economic crises, the "chain reaction" of corporate bankruptcy may have emerged, and the risk of global corporate bankruptcy may continue to rise in the future.
In the Asian region, the overall situation is complex, with factors such as the epidemic, economic downturn, changes in the geopolitical structure, and the game of major powers intertwined.
Risk changes in India, Kyrgyzstan, Lebanon, Turkey, Thailand, Iran and other countries are worthy of attention. In Europe, political risks are generally low. However, politics is becoming fragmented, and domestic political conflicts in some countries have intensified.
Affected by unfavorable factors such as the world economic recession under the epidemic, the intensification of trade frictions between the United States and Europe, and Brexit countries in the eurozone, the government's financial burden has increased.
Risk changes in Spain, Italy, the United Kingdom, France, Africa and other countries are worthy of attention. In some countries, the domestic political and social security situation is turbulent due to general elections and geopolitics.
The economic downturn has also increased the possibility of social unrest and violence in some countries. Risk changes in Angola, Zambia, Congo (Kinshasa), Ethiopia, Ghana, Kenya, South Africa and other countries are worthy of attention.
The Latin American region is also facing new challenges from politics, economy, debt, society and other aspects, as many countries have fallen into a relatively large recession, resulting in sovereign debts.