Japan Must Face China Alone, Not Expect US Favor
Japanese leaders perhaps need to understand that the US will never treat Japan the way it treats Israel. Japan should figure out how to deal with—and live alongside—a rising China on its own, instead of counting on Washington.
China’s Leverage over Iran Could Shape Xi‑Trump Summit
This is just my wild guess: If the IRGC continues to block the Strait of Hormuz and begins targeting China-linked vessels, Beijing may not rule out the possibility of deploying naval forces to escort commercial ships through the strait. That said, naval...
China Prioritizes Iran's Energy Over Regime Politics
This is perhaps the best analysis I’ve seen so far offering an onshore Chinese perspective on Iran and the ongoing conflict in the Middle East. “China’s disillusionment with Iran’s leaders means that Beijing is not inherently opposed to regime change. Because...
China Keeps Aluminum Cap, Prices Hit New High
The timing of our China Macro Watch report on February 25 has proven fortuitous. In that note, we laid out why Beijing is unlikely to lift its 45mn-ton aluminum output cap — a policy that has effectively anchored global supply...
Tesla Will Face Multiple Chinese EV Rivals Worldwide
Not surprised at all. And let’s not forget that many other leading Chinese EV players—such as Huawei, Li Auto, and Xiaomi—have yet to meaningfully ramp up their overseas expansion. Tesla isn’t just competing with BYD. In the coming years, it will...
Chinese Banks Pivot From US Treasuries to Diversified Reserves
Last week, we published a report titled “How Is China Rewiring Its Trillion-Dollar Surplus?” in response to media reports that Chinese authorities have urged banks to curb their exposure to the US Treasury market. This regulatory signal is highly investment-relevant,...