Alice Han

What China can produce as it's gone up the value chain is very, very impressive. And companies that still want a China exposure need to understand this changing economy and changing market. China is getting richer. It's rebalancing, albeit, I would say, at a rather slow pace because of structural issues. But it is happening.

What China can produce as it's gone up the value chain is very, very impressive. And companies that still want a China exposure need to understand this changing economy and changing market. China is getting richer. It's rebalancing, albeit, I would say, at a rather slow pace because of structural issues. But it is happening.

What China can produce as it's gone up the value chain is very, very impressive. And companies that still want a China exposure need to understand this changing economy and changing market. China is getting richer. It's rebalancing, albeit, I would say, at a rather slow pace because of structural issues. But it is happening.

And so you see some companies, for instance, are still interested in Chinese infrastructure. They're interested in some of these low-end industries. hotel businesses and these low-end kind of boba tea shops. There's these PE opportunities, but you need to think differently from the China of 10 years ago about the opportunities there.

And so you see some companies, for instance, are still interested in Chinese infrastructure. They're interested in some of these low-end industries. hotel businesses and these low-end kind of boba tea shops. There's these PE opportunities, but you need to think differently from the China of 10 years ago about the opportunities there.

And so you see some companies, for instance, are still interested in Chinese infrastructure. They're interested in some of these low-end industries. hotel businesses and these low-end kind of boba tea shops. There's these PE opportunities, but you need to think differently from the China of 10 years ago about the opportunities there.

So I think even although it's slowing down and people are worried about the politics of it, there's still a lot of opportunities to be found. And I think it's a mistake. And Deep Seek was a wake-up call. It's a mistake to sort of write China off. China will get there. Historically, we've seen this, whether it's the nuclear bomb or even its internet platforms. China will get there in its own way.

So I think even although it's slowing down and people are worried about the politics of it, there's still a lot of opportunities to be found. And I think it's a mistake. And Deep Seek was a wake-up call. It's a mistake to sort of write China off. China will get there. Historically, we've seen this, whether it's the nuclear bomb or even its internet platforms. China will get there in its own way.

So I think even although it's slowing down and people are worried about the politics of it, there's still a lot of opportunities to be found. And I think it's a mistake. And Deep Seek was a wake-up call. It's a mistake to sort of write China off. China will get there. Historically, we've seen this, whether it's the nuclear bomb or even its internet platforms. China will get there in its own way.

And I think we in the West need to continue to engage to see what's actually happening. Because more often than not, it will surprise us what's actually happening on the ground. So I'd highly recommend you go back, Scott.

And I think we in the West need to continue to engage to see what's actually happening. Because more often than not, it will surprise us what's actually happening on the ground. So I'd highly recommend you go back, Scott.

And I think we in the West need to continue to engage to see what's actually happening. Because more often than not, it will surprise us what's actually happening on the ground. So I'd highly recommend you go back, Scott.

Next podcast.

Next podcast.

Next podcast.

Thanks so much, Ed. Thanks, Scott. See you next time.

Thanks so much, Ed. Thanks, Scott. See you next time.

Thanks so much, Ed. Thanks, Scott. See you next time.