The Risks of Cross-Rate Tensions in Investors and Enmensies

Most of the thinking around China currently still is kind of a hangover from zero-covid. The crackdown on the private sector over the past few years, but just how aggressive the system can be when it needs to control something. It's all about the risk adjusted return that you're getting, right? And the risks on all those things have gone up while the returns are going down,. Then you put this potentially huge tail risk in there, and that's just part of this rising risk.