I’ve spent over a decade living in Hong Kong, regularly traveling through Mainland China—except during the Covid-19 period, for obvious reasons. While many foreigners left, I stayed, immersing myself in the region’s culture and economy. This unique vantage point gives me direct access to life in China, unfiltered, while staying…
Category:China
CHINA’S ECONOMIC RESTRUCTURING RECIPE: CAPITALISTIC COMMUNISM
Who would have ever thought of seeing the words capitalism and communism next to each other without that being an oxymoron? The definition of capitalism is “an economic and political system in which a country’s trade and industry are controlled by private owners for profit” while the definition of communism…
JANET’S TOOTHLESS YELLING IN CHINA
Things can change a lot in 9 months, particularly when you spend those 9 months trying to kneecap (metaphorically speaking) your adversary after pretending to be “besties”. US Treasury Secretary Janet Yellen’s second trip to #China is so far a total failure with little to no chance of any improvement…
A LESSON FROM #CHINA’S MIDDLE CLASS: PAY YOUR DEBTS UNTIL YOU CAN AFFORD TO DO SO. THE ALTERNATIVE? DEBT SLAVERY
There are times when I believe that if there wasn’t a massive cultural and language barrier between #China and the major Western countries, in particular with the #US (while #Germany would love to deal more with #China commercially if they still had the option to do so), both parts of…
IS #CHINA ABOUT TO HIT #US WHERE IT WILL HURT THE MOST?
Since last Thursday, a strange tension could be sensed on trading floors in Hong Kong and China, then on Friday, the $CNY suddenly sold off against the $USD. While the event has been greatly overlooked so far by investors, it might have been a pretty loud warning about the next…
CHINA STOCKS – IS THE BOTTOM IN?
Last week, the #HongKong HSI index was up 5.5% despite only having 3 trading days due to the Chinese New Year holidays. #China index futures were also up ~3% in the same timeframe. Trading is about to resume in mainland #China along with all the country’s business activity after the…
A MESSAGE FROM #CHINA : DEBT DETOXING IS GOING TO BE LONG, PAINFUL AND NEEDED NOT TO RISK THE ECONOMY DIES OF OVERDOSE AT SOME POINT
A lot of people, including myself, often draw parallels between 2008 and today. However, what should really be compared are the first and second largest economies in the world. Both #China and the #US have fueled enormous real estate bubbles that have since become #stocks market bubbles. The only difference…
WHY #CHINA MARGIN LENDING NIGHTMARE IS A BIG WARNING TO #US AND #EUROPE #STOCKS
As you know, I am currently in mainland #China, so please forgive me if I am going to be extra careful about anything I write until next week. Yesterday, #China #stocks suddenly started to free fall in what could have turned into a 1987 style crash if it wasn’t for…
CHINA WANTS INVESTORS AND THEIR MONEY BACK – WILL IT SUCCEED THIS TIME?
#China and #HongKong #stocks were literally on the verge of free falling when the “national team” stepped in last week to the rescue. Clearly, the benefits of it were short-lived and yesterday the $HSI closed again below the 15,000 mark. Some #bullish hedge funds that went all-in on #china #stocks…
EXPLAINING WHY PINDUODUO #PDD “DAVID” HAS A SERIOUS CHANCE TO KNOCK OUT ALIBABA #BABA “GOLIATH”
Alright, ladies and gentlemen, it’s about time to get a few things straight about what’s going on with #BABA. First of all, the stock itself has a significant problem called “SoftBank”. In the post quoted below, I explained a while ago why SoftBank’s derivatives shenanigans have been hammering BABA’s stock,…