Chinese Culture


China-Related Conspiracy Theories: Motivation, Interpretation, Substance… and Lack Thereof

This is a topic we believe needs to be addressed thoroughly because as an investor in Chinese assets or someone who is thinking about gaining exposure to Chinese assets, you are literally bombarded with more or less reasonable scenarios pertaining to China, many of which venture well into conspiracy theory territory. Right from the beginning,


China and the Fear of Missing Out (FOMO)

Whenever we are dealing with let’s call them “hot” assets (and yes, Chinese assets most definitely fit this description), greed tends to kick in and determine market participants to get ahead of themselves with respect to gaining exposure to the assets in question. The term “FOMO” (Fear Of Missing Out) is quite relevant in this


(Neo)Authoritarianism in China: The Past, Present and Future of Authoritarian Rule

Much can be said about China’s economic system, about socialism with Chinese characteristics and its many common denominators when comparing it to both capitalism and socialism. Some economists praise China for being more market-oriented than let’s say many European nations in some respects, others claim the exact opposite. Let’s just say that few things are


Discrimination in China: Systemic Issue, Granular Problem… or Both?

Here at, we have rather frequently presented studies and metrics (pertaining to freedom of speech, for example) which make it clear that China isn’t exactly the most politically correct nation in the world. While our team firmly believes that generation-defining investment opportunities lie ahead in China, we just as firmly believe in being straightforward


(More or Less Misunderstood) Consumption Trends in China: Consumerism on Steroids?

Time and time again, observers find certain consumption trends in China downright peculiar. For example, why on Earth has there been such a surge in luxury spending and generally speaking, spending meant to impress the proverbial Chinese version of the Jones family in a country that used to be plagued by debilitating poverty a few


The Cultural “Westernization” of China: Hollywood, Pop Culture and Their Economic Effects

In a world tailor-made to the specifications of the Communist Party of China (in a let’s say ideal scenario from the perspective of the CPC), the population of China would reject any and all Western components, elements the Party considers detrimental to its very self-preservation interests. Unfortunately for the CPC, that’s not exactly how things


Personal Freedoms in China: Westernization/Legalization vs. Traditionalism

The economic interconnectedness we keep referring to here at is more than just a buzz word, because its ramifications move well beyond the realm of economics. To (over)simplify, economic interconnectedness leads to continuous transfers, not just transfers that are economic in nature (transfers of wealth, technology and so on) but also anything from political


Moral Hazard: Is China at Risk?

We usually come across the term “moral hazard” when discussing situations pertaining to the Western financial system, especially after the Great Recession of 2007-2008 (click HERE for an article through which we analyze its effects on China). Perhaps the most textbook example revolves around the morally corrupt bonus mechanism bankers had. On the one hand,


There’s No Business Like (Chinese) Show Business? A Glimpse into China’s Entertainment Industry

Here at, we have developed the habit of mentioning the fact that longing Chinese assets without meaningfully “betting” on China’s rising middle class is a sub-optimal strategy at best. For reasons which range from China’s growth model transitioning from production/exports/infrastructure to domestic consumption to a wide range of metrics which paint the picture of


Meritocracy in China: Meritocratic Society or Dunning-Kruger Effect on Steroids?

Say what you want about let’s call it Western society but for better or worse, a valid case can be made that meritocracy contributed to the current dominance (economic and otherwise) of the West. Whether meritocracy took the form of capitalism (the proverbial American dream, if you will) or socialism (in Northern Europe, with different