Alice Han

And now this is going to be based on the politics of it all, whether or not Elon Musk gets these autonomous vehicle licenses. Explain what she was saying there. And by the way, her accent is fantastic.

And now this is going to be based on the politics of it all, whether or not Elon Musk gets these autonomous vehicle licenses. Explain what she was saying there. And by the way, her accent is fantastic.

This is a policy at the end of the day that's oriented toward helping some of the folks who have really been the losers in the economy and have been left behind for a long time.

This is a policy at the end of the day that's oriented toward helping some of the folks who have really been the losers in the economy and have been left behind for a long time.

This is a policy at the end of the day that's oriented toward helping some of the folks who have really been the losers in the economy and have been left behind for a long time.

Thanks, Ed. Good to see you again.

Thanks, Ed. Good to see you again.

Thanks, Ed. Good to see you again.

Well, it's a bit of a mixed bag. And thank you for that question, Ed. Certainly, if you look at some metrics, whether it's deflation in the economy or it's the GDP outlook, China is continuing to slow down. It's continuing to face these big disinflationary pressures.

Well, it's a bit of a mixed bag. And thank you for that question, Ed. Certainly, if you look at some metrics, whether it's deflation in the economy or it's the GDP outlook, China is continuing to slow down. It's continuing to face these big disinflationary pressures.

Well, it's a bit of a mixed bag. And thank you for that question, Ed. Certainly, if you look at some metrics, whether it's deflation in the economy or it's the GDP outlook, China is continuing to slow down. It's continuing to face these big disinflationary pressures.

But at the same time, if you look at the stock market, it's been doing pretty well, especially now with announcements of DeepSeek and Alibaba's AI models. We've seen actually Chinese tech stocks, including Buyu Buyu Di, do extremely, extremely well. And this is in the midst of obviously these tariff threats that have been thrown onto China.

But at the same time, if you look at the stock market, it's been doing pretty well, especially now with announcements of DeepSeek and Alibaba's AI models. We've seen actually Chinese tech stocks, including Buyu Buyu Di, do extremely, extremely well. And this is in the midst of obviously these tariff threats that have been thrown onto China.

But at the same time, if you look at the stock market, it's been doing pretty well, especially now with announcements of DeepSeek and Alibaba's AI models. We've seen actually Chinese tech stocks, including Buyu Buyu Di, do extremely, extremely well. And this is in the midst of obviously these tariff threats that have been thrown onto China.

We've seen the 10% tariffs that have just been put into place on Chinese goods. China has retaliated in kind in the last few days. And certainly now we have more threats of 25% tariffs on steel and aluminum across the board, not just China, but a host of countries. So China is facing a lot of these trade war risks and pressures to the economy.

We've seen the 10% tariffs that have just been put into place on Chinese goods. China has retaliated in kind in the last few days. And certainly now we have more threats of 25% tariffs on steel and aluminum across the board, not just China, but a host of countries. So China is facing a lot of these trade war risks and pressures to the economy.

We've seen the 10% tariffs that have just been put into place on Chinese goods. China has retaliated in kind in the last few days. And certainly now we have more threats of 25% tariffs on steel and aluminum across the board, not just China, but a host of countries. So China is facing a lot of these trade war risks and pressures to the economy.

But at the same time, it is riding the tailwinds of positive, I would say, upbeat news about Chinese tech, Chinese AI, Chinese autonomous vehicles in the case of BYD. And certainly, our clients are particularly interested in the stimulus that is probably going to come down the pipeline in March when the NPC meets.

But at the same time, it is riding the tailwinds of positive, I would say, upbeat news about Chinese tech, Chinese AI, Chinese autonomous vehicles in the case of BYD. And certainly, our clients are particularly interested in the stimulus that is probably going to come down the pipeline in March when the NPC meets.

But at the same time, it is riding the tailwinds of positive, I would say, upbeat news about Chinese tech, Chinese AI, Chinese autonomous vehicles in the case of BYD. And certainly, our clients are particularly interested in the stimulus that is probably going to come down the pipeline in March when the NPC meets.