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4min chapter
Wall Street Keeps Overestimating China's Macro Data
Market Depth
The Fundamental Core Starting Point for Investing in China
China is not a capitalist markets based system. You are not investing in capitalism, and it is branded in their name. If your starting point is for say going long China equities because of attractive valuation multiples or some five year DCF model, you've already lost. And that is far more difficult to quantify or to model if not impossible to write to read like the actions of a select few of very powerful privileged men at the top. So any calls being made by Wall Street clowns on what the P B O C and their officials will have to do in Q three with triple or rate cuts and whatever. I hope you made that call based on understanding the background politics and reaction function
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