Keeping it Simple with Simplify Asset Management

Keeping it Simple | Ep. 44: Cosmic Latte

Jan 13, 2025

Leland Miller, co-founder of the China Beige Book and an expert on China's economy, joins the hosts to share invaluable insights. They delve into the challenges of interpreting China's economic data and the skepticism surrounding official figures. Miller highlights the shift toward economic stability over high growth rates and discusses recent trends in corporate borrowing. The conversation touches on the complexities of the auto industry, especially with electric vehicles, and examines the geopolitical tensions around Taiwan. Transparency in financial regulations also takes center stage.

01:03:28

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Episode guests

Leland Miller

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Episode notes

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Quick takeaways

The China Beige Book provides a critical alternative perspective on the Chinese economy by offering insights beyond potentially manipulated official statistics.

China's economic model is shifting focus from rapid GDP growth to sustainable, balanced growth in response to national security and supply chain vulnerabilities.

Investors analyzing China face complex risks due to geopolitical tensions and the ethical implications of technology use in a militarized context.

Deep dives

The China Beige Book's Data Collection

The China Beige Book is recognized as the largest private data collection operation focused on the Chinese economy. The organization aims to provide a more nuanced picture of the economic realities in China, moving beyond official statistics that can often mislead or be manipulated. By surveying thousands of firms across various regions and sectors, it tracks a wide array of metrics—including inflation, credit, and labor market trends—to reveal the diverse narratives within the Chinese economy. This comprehensive approach is intended to highlight discrepancies that exist between state-run data and the actual experiences of businesses on the ground, thereby offering richer insights into China's economic conditions.

Intro

4min

Navigating the Complexity of China's Economic Data

28min

Shifting Patterns in Corporate Borrowing

8min

Navigating Challenges in the Auto Industry: A Focus on EVs and Trade Dynamics

4min

Taiwan's Geopolitical Landscape

8min

Navigating China's Investment Landscape

9min

Emphasizing Transparency in Financial Regulations

3min

Leland Miller joins Michael Green and Harley Bassman to discuss what the China Beige Book reveals about the investment universe.

For more information, https://www.simplify.us. Questions about the content discussed in this video? Please contact info@simplify.us.

Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Simplify Asset Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This content is not intended to provide investment, tax, or legal advice.

This content is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. These materials are made available on an “as is” basis, without representation or warranty. The information contained in these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed. This information is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Neither the author nor Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

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