China
How Much China Is In Your Index Fund?
In early June, Chinese ride-hailing giant Didi Chuxing [DIDI] filed for a public stock offering on the New York Stock Exchange. To call DIDI “the Chinese Uber” [UBER] would be an understatement; in fact it might be more accurate to call Uber “the American Didi.” In the past 12 months, Read more
China
The Election and the New Cold War
The news is shifting. Covid-19 is still front and center, of course. As we noted last week, we think the pandemic’s development is not as alarming as many believe. With several months of data now available, it has become clearer that the virus’ risks are heavily skewed towards older individuals Read more
India
India: Manufacturing Destination
Last week we reported about two large stakes taken in Indian telecom giant Reliance Jio by U.S. investors. Their interest focused particularly on the Indian consumer, one of the world’s great untapped consumer markets. Jio’s aggressive rollout of cheap internet service and mobile devices to currently unconnected Indians attracted a Read more
China
The Trade War and China’s Long Game
At the very end of 2019, China added liquidity to its financial system by loosening the reserve requirements for banks and allowing them to lend more. This move followed three other such cuts earlier in the year, making a total of seven since early 2018. Cutting required reserves is a Read more
