Alice Han

The fact that you have companies that are basically like the Intels or even the Fords or the Teslas of the world doing many different parts of logistics and components, I think is deeply, deeply impressive. And I could see them being extremely competitive outside of China in other countries outside of the US.

The fact that you have companies that are basically like the Intels or even the Fords or the Teslas of the world doing many different parts of logistics and components, I think is deeply, deeply impressive. And I could see them being extremely competitive outside of China in other countries outside of the US.

The fact that you have companies that are basically like the Intels or even the Fords or the Teslas of the world doing many different parts of logistics and components, I think is deeply, deeply impressive. And I could see them being extremely competitive outside of China in other countries outside of the US.

Obviously, the US will continue to have restrictions on China, but I could see definitely more upside for these companies like BYD moving forward. And to your point, Scott, if you look at the forward multiples, I was looking at it today on Chinese companies, they're around 12, still very low by historical standards and much lower than Japan and India.

Obviously, the US will continue to have restrictions on China, but I could see definitely more upside for these companies like BYD moving forward. And to your point, Scott, if you look at the forward multiples, I was looking at it today on Chinese companies, they're around 12, still very low by historical standards and much lower than Japan and India.

Obviously, the US will continue to have restrictions on China, but I could see definitely more upside for these companies like BYD moving forward. And to your point, Scott, if you look at the forward multiples, I was looking at it today on Chinese companies, they're around 12, still very low by historical standards and much lower than Japan and India.

I could see a lot of upside in Chinese tech companies moving forward.

I could see a lot of upside in Chinese tech companies moving forward.

I could see a lot of upside in Chinese tech companies moving forward.

Well, at the risk of being facetious, Ed, can I say Chimerica, if that country still exists?

Well, at the risk of being facetious, Ed, can I say Chimerica, if that country still exists?

Well, at the risk of being facetious, Ed, can I say Chimerica, if that country still exists?

Because the two, again, back to this relationship in which they just reinforce each other because one side's strengths is the other side's flaws. When I think about Chinese tech manufacturing capacity, China is undoubtedly the leader, and I think it will continue to be so.

Because the two, again, back to this relationship in which they just reinforce each other because one side's strengths is the other side's flaws. When I think about Chinese tech manufacturing capacity, China is undoubtedly the leader, and I think it will continue to be so.

Because the two, again, back to this relationship in which they just reinforce each other because one side's strengths is the other side's flaws. When I think about Chinese tech manufacturing capacity, China is undoubtedly the leader, and I think it will continue to be so.

Basically, it's astounding that China has quietly met or even surpassed all of its Made in China 2025 goals, even though it's not talking about it anymore. I remember back in the day in Tribal 1, where there was a huge backlash, China silently achieved many of those goals. And meanwhile, in the U.S., I still think that the U.S. has a degree of exorbitant privilege.

Basically, it's astounding that China has quietly met or even surpassed all of its Made in China 2025 goals, even though it's not talking about it anymore. I remember back in the day in Tribal 1, where there was a huge backlash, China silently achieved many of those goals. And meanwhile, in the U.S., I still think that the U.S. has a degree of exorbitant privilege.

Basically, it's astounding that China has quietly met or even surpassed all of its Made in China 2025 goals, even though it's not talking about it anymore. I remember back in the day in Tribal 1, where there was a huge backlash, China silently achieved many of those goals. And meanwhile, in the U.S., I still think that the U.S. has a degree of exorbitant privilege.

It's going to be very hard to fully rotate out of the U.S. The fact that stocks now, the S&P, are above April the 2nd and maybe even will come up to an all-time year-to-date high suggests that people are trying to get back into the U.S., It's not fully convinced that this is the end of U.S. hegemony and that there's still an appetite for U.S. assets. I'm still bullish long term about the U.S.

It's going to be very hard to fully rotate out of the U.S. The fact that stocks now, the S&P, are above April the 2nd and maybe even will come up to an all-time year-to-date high suggests that people are trying to get back into the U.S., It's not fully convinced that this is the end of U.S. hegemony and that there's still an appetite for U.S. assets. I'm still bullish long term about the U.S.