Luxury car sales dropped 30-40% in China and Porsche dealers stopped delivery
The Porsche news is not really surprising. Manufacturer stuff the channels to maintain sales figure in early phase of market decline - this is a rather common practice. But, you can only do it for so

How do you stop a club wielding bully in a debate club?
WTO was founded for market based economies. That’s why China promised a series of market reforms to get in in 2001. After a quarter of century, China is far from implementing the reforms it has promised.

Today’s Japan tomorrow’s China
This sort of statistics in Japan has been around for a while. When I first saw it years ago, I was incredulous - how can ppl live like that. Hey, fast forward 20 years, we are starting to see similar symptoms surfacing in China. I think Japan

Singaporeans are pro China, but they denied that and claim that’s just being pro #Singapore
Singaporeans are so irritated by my last tweet 😂. Here’s another one for you - Singapore being pro CCP China. Ho Ching, wife of the last PM and ex CEO of the $300B state investment fund,

Maybe you can argue that Singapore is not openly pro China, but Singapore is definitely tilted towards China
Singaporeans seem very upset when I call this out. But, here is another proof in my view.
China is conducting the most aggressive military exercise around Taiwan,

Hmmm… I keep saying “I’ve told you so” 🤣
There are myriad of reasons that CCP will keep on the path of supply side economics
x.com/desmondshum/st…

Anne Cheng of College de France is brilliant
Prof Cheng gave a clear eyed critique of this phenomenon, New Confucianism. She explained how it comes about in academia, who are the proponents and how it’s being used by CCP to justify it’s totalitarian rule internationally and

To me, Guo, first and foremost, is a fraudster. In my view, his anti-CCP rhetoric is for profiteering and for practicality of getting US protection to deal with CCP threats
I’ve couple of personal run-in with his businesses in Beijing. Both episodes pointed to his partnership

Economists needed here
I was a Chinese real estate developer. I know Chinese govt can’t square a circle, despite the latest round of rescue efforts to save the industry. The wealth effect of slumping real estate prices has just getting started. cnn.com/2024/05/17/eco…
But, I

I’ve Yao Ming standing behind me
At 6’5”, I often have ppl come up to tell me that I’m the tallest Chinese they’ve met. My usual response “I’ve Yao Ming standing behind me”. Yao, the most famous Chinese basketball player ever, is about a foot taller than I’m and we are both from

Using children as pop up clowns is disgusting
I used to be one of those kids forty some years ago. Since I was good in athletics, I would be having PE lesson every time there were foreigners visiting our school. My mates good in math would be having math class. We were pop up

Oh wow! Didn’t see this one coming
This is essentially forcing firms to get in line - if you get dollars from US govt, you can’t be getting revenues from Chinese govt. This will reshape many in service industry like consulting, auditing, lobbying. But it could also have

Gullible investors just won’t give up false hope on Chinese real estate
Chinese govt buying stock off from developers is not news. It has been swirling around for a while. Issues
- buy at what price? I can’t imagine the only buyer will pay premium to desperate developers w

How China reacts to this round of U.S. tariffs is worth paying attention
While total amount of Chinese imports affected is limited, it opens the door for Europeans to follow suit with tariffs of their own on the same item list. It also continues the trend of decoupling.
This

Serious question for economists out there
Chinese real estate price is down 20-30% across tier one cities, like Shanghai, Beijing, Shenzhen etc.. over the past 12-18 months. Price has dropped more than that in second tier cities and beyond. By all accounts, real estate is about

China has been cashing in on the failure of the western corporate governance
Executives invites their favorite persons to make up the board. They run the show and the board is there for show. The board members don’t have sufficient information to challenge management, don’t want