Business Views
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China’s Stock Boom Is Not a Repeat of 2015
China is in the midst a stock boom. The blue-chip CSI 300 Index is up 9% so far this month, while the tech-heavy ChiNext ... -
Chamath Palihapitiya knows true American exceptionalism
Chamath Palihapitiya, the one-time king of SPACs, is back. And as usual, the co-host of the All-In podcast is not sugar coating his words. ... -
JPMorgan’s OpenAI coverage is just the start
The trickle will soon be a flood. Wall Street banks are starting to cover firms that are not publicly traded. JPMorgan Chase & Co. ... -
HK’s economy has two gravity-defying puzzles
Hong Kong is confronted with two gravity-defying puzzles this year. Investors are asking why the city’s interest rates are so low, and yet the ... -
New US tariffs cloud outlook for exporters in Asia and beyond
President Donald Trump’s new tariff rates on U.S. imports from dozens of countries took effect yesterday, the latest step in his ongoing reshaping of ... -
Shaolin Temple should take a vow of chastity, not poverty
As China’s fiscal conditions worsen, a scandal at the Shaolin Temple has ignited a debate over who owns the monastic institution’s cultural heritage and ... -
Why value investing has worked better outside the US
I recently interviewed investor and author Daniel Rasmussen for The Long View podcast, where he commented that “value hasn’t worked in the U.S., but ... -
Citadel Securities’ audacious market call is spot on
With global stocks hitting record highs and meme trades making a comeback, investors are naturally asking if it’s time to take profit. Some institutional ... -
‘Wahaha Princess’ reveals China’s uncommon prosperity
In a country where the government is short on fiscal income and its people are worried about layoffs and salary cuts, $2 billion raises ... -
How much should a Tsinghua graduate be making?
It’s post-graduation season in China. Tiger Moms are naturally comparing notes on the salaries of fresh alumni from top universities. What kind of return ... -
Xi wants to end China’s price wars. But how?
Inside China, price wars are far more dangerous than US tariffs. As President Xi Jinping starts to address the country’s ultra-competitive business culture, the ... -
Hong Kong’s tycoons are damaging the city’s credit culture
How creditworthy are Hong Kong’s billionaire tycoons? Despite the glamor and prestige they project, the city’s old money are dishing out one nasty surprise ... -
Why hosting a July Fourth pool party may cost less
Americans have one more reason to celebrate this Fourth of July: getting all the gear needed to host a pool party costs less than ... -
Is Hong Kong’s New World too big to fail?
New World Development Co.’s financial distress is creating angst just as Hong Kong is starting to regain its feet. The real estate developer’s systemic ... -
Hong Kong has all but abandoned the dollar peg
Interest rates in Hong Kong have been eerily low, raising the question of whether the city’s dollar peg is now in name only. Hong ... -
New World’s bond coupon delay raises three questions
In the bond world, not calling a perpetual is bad. But not repaying coupon? That’s way worse. Hong Kong-based New World Development Co.’s decision ... -
Stephen Miran’s overvalued dollar talk is dangerous
An academic paper has caught Asia’s eye. In a piece published last November, Stephen Miran, Chairman of the Council of Economic Advisers and the ... -
China’s defense industry is getting a DeepSeek moment
In investing, narratives can matter a lot more than earnings or cash flow analysis. Pakistan is certainly spinning a good story about China’s defense ... -
Trump and Xi tone down a senseless trade war
The US and China are calling a 90-day truce in their trade war, temporarily lowering tariffs on each other from eye-wateringly high levels. The ... -
Taiwan’s carry trade blowup means bigger dollar trouble
In a week of tributes to Warren Buffett, here’s one from me, in the form of stealing one of his best aphorisms: Only when ... -
Xi’s tariff fight reveals China’s great divide
How does an escalating US-China trade war affect people’s well-being? In China, it depends on who you ask. Some are energized by the fight. ... -
When will China start to devalue the yuan?
When President Donald Trump launched his first trade war in 2018, China weakened the yuan to offset US tariffs imposed on its exporters. But ... -
Why wouldn’t China weaponize its $760 billion treasury holdings?
China is done retaliating against US President Donald Trump’s exorbitant tariffs, calling the administration’s actions a “joke” that it no longer considers worthy of ... -
Americans are missing out on ‘China Chic’
Who said products made in China have no design? Just as Chinese brands are coming into their own, US President Donald Trump is building ... -
Xi has a plan to ease tariff pain. What about Trump?
Xi Jinping is standing up to Donald Trump. Throwing away past restraints, China’s tit-for-tat response to the 34% tariff the US imposed on April ... -
‘Drop the dad, keep the baby’ is Chinese women’s new mantra
Just like the Americans, Chinese women are starting to give up on marriages, too. But many still want to be mothers. A new phenomenon ... -
China’s ‘engineer dividend’ is paying off big time
DeepSeek has changed how the world sees China. Worries over the country’s “3D” problem — that deflation, debt and demographics are structurally hampering growth ... -
How to make billions selling $1 lemonade
One can become a billionaire selling ice cream, lemonade and fruit smoothies — all for less than $1. Zhang Hongchao and Zhang Hongfu, two ... -
Beware of Li Kashing’s supersized value trap
From Chinese tech stocks to European defense shares, President Donald Trump’s second term seems to be lifting the world’s biggest value traps. One of ... -
A Nasdaq meltdown, like China’s Big Tech in 2021?
After the Magnificent Seven’s 5% selloff Monday, global investors are reevaluating their faith in US exceptionalism. They’re asking whether the Nasdaq is just going ... -
China slams US tariffs, says there are no winners in a trade war
China will not yield to bullying and its economy can weather higher tariffs imposed by U.S. President Donald Trump and other challenges, the Chinese ... -
When even China markets start to ignore Trump
Is it the lull before the storm, or has the tempest lost its destructive power? China’s tech stock rally is remarkably resilient considering the ... -
DeepSeek and ‘Ne Zha 2’ are bringing back what Xi ignored
Confidence can be elusive. Even the most tenacious need a few wins from time to time, to cast away self doubt and believe in ... -
A Chinese Alternative to the Magnificent Seven has arrived
A strong conviction trade is being shaken. As international stocks are outperforming this year, global investors are asking if their faith in US exceptionalism ... -
Hong Kong’s Cheng billionaires miss a gold ticket
The succession drama of Hong Kong’s billionaire Cheng family has been in the spotlight lately, largely because of its distressed real estate developer New ...
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